Lincoln Place Apartments

934 Veterans Dr, North Vernon, Indiana 47265

Contact Lincoln Place Apartments

Lincoln Place Apartments offers a 1 bedroom for the elderly/seniors in the town of North Vernon, IN.

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

Eligibility for Lincoln Place 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 North Vernon but actual income limits may differ for units at Lincoln Place 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

Lincoln Place Apartments Details

38 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
Community Room
On-Site Manager
Laundry Room
On-Site Parking
On-Site Maintenance
Barber Shop and Beauty Salon

Unit Amenities

Garbage Disposal
Refrigerator
Oven and Range
Central Heat & Air

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.