Laurel Park Apartments

124 S Clay St, Laurel, Indiana 47024

Contact Laurel Park Apartments

Laurel Park Apartments is an affordable family complex offering one, two and three bedroom units. Our apartments offer fully equipped kitchens, air conditioning and private patios. Our property is nestled in a quiet wooded area with amenities that include a playground, a basketball area and experienced management.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	From $492 To $582
Two Bedroom (2/1)	-	From $592 To $702
Three Bedroom (3/1)	-	From $692 To $817

Eligibility for Laurel Park Apartments

Laurel Park Apartments Details

16 one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance

Property Amenities

Playground
Basketball Court
Laundry Room
Snow Removal
Lawn Care
After Hours Call Service
Beautiful Landscape

Unit Amenities

Air Conditioning
Ceiling Fan(s)
Garbage Disposal
Spacious Closets
Extra Storage
Energy Saving Windows
Fully Equipped Kitchen
Private Patios

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.