Springtown Apartments

160 S Main St, Marengo, Indiana 47140

Eligibility for Springtown Apartments

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Marengo but actual income limits may differ for units at Springtown Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $27,650 $31,600 $35,550 $39,450 $42,650 $45,800 $48,950 $52,100
Low Income (60%) $33,180 $37,920 $42,660 $47,340 $51,180 $54,960 $58,740 $62,520

Springtown Apartments Details

  • 20 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
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.

Nearby Low Income Apartment Communities like Springtown Apartments

Lhdc Marengo Housing for Elderly

521 S Sugar St
Marengo, Indiana
Subsidized
Senior
S. 202

Village Apartments of Marengo

285 S Main St
Marengo, Indiana
Rent Assisted
LIHTC

Indiana

R 2 Main St Or 100 Village Rd
Marengo, Indiana
Rent Assisted
HOME

Spring Town Apartments

122 S Main St
Marengo, Indiana
Rent Assisted
USDA S. 538