Schoolview Heights

8453 College Street, French Lick, Indiana 47432

Contact Schoolview Heights

Schoolview Heights offers a 1 bedroom unit for elderly/seniors in the city of French Lick, IN.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom One Bath (1/1)	-	Call for Price

Eligibility for Schoolview Heights

Schoolview Heights Details

40 one bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance

Property Amenities

BBQ and Picnic Area
On-Site Manager
Laundry Room
On-Site Parking

Unit Amenities

Garbage Disposal
Cable and Satellite TV
Refrigerator
Oven and Range

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.