Daley Apartments is managed by Triangle Associates, Inc..
Daley Apartments is a thirty-seven (37) unit community that is under the Low Income Housing Tax Credit Program. It resides on the banks of the White River near downtown Muncie. Each building consists of 12 units, four (4) of these units are handicap accessible.
There are one, two and three bedroom units. Each apartment has a washer and dryer, dishwasher, range, refrigerator, central air and are fully carpeted. The buildings have access control entries with an intercom system for each unit.
This community is the first inclusive, affordable, accessible housing complex in the nation, designed and developed with funds raised by persons with disabilities. Residents include individuals with hearing, physical, mental and developmental disabilities; as well as single parent families, elderly, young adults and persons without disabilities. As a part of the Section 42 Tax Credit Program, which is intended to make affordable housing available to lower-income persons and households, income limits apply based on the family size. Applicants must meet eligibility requirements of the program. Rents are restricted by the Section 42 program to make them affordable to low-income persons, but are not calculated according to the residents' incomes. However, persons with Section 8 certificates or vouchers are encouraged to apply.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 Bedroom (1/1) | 750 | Call for Price |
2 Bedroom (2/2) | 1000 | Call for Price |
3 Bedroom (3/2) | 1200 | Call for Price |
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 Muncie but actual income limits may differ for units at Daley Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
Very Low Income (50%) | $27,650 | $31,600 | $35,550 | $39,450 | $42,650 | $45,800 |
Low Income (60%) | $33,180 | $37,920 | $42,660 | $47,340 | $51,180 | $54,960 |
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.