Indian Ridge Apartments

501 Indian Ridge Rd, Shelbyville, Kentucky 40065

Contact Indian Ridge Apartments

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	-	Call for Price
2 Bedroom (2/1)	-	Call for Price
3 Bedroom (3/1)	-	Call for Price
4 Bedroom (4/1)	-	Call for Price

Eligibility for Indian Ridge Apartments

Indian Ridge Apartments Details

97 one, two, three and four bedroom units.
FHA Mortgage Insurance/subsidy
Low-Income Housing Tax Credit (LIHTC)
Section 8 Project-Based Rental Assistance (PBRA)
Section 221 (d) (3)

Property Amenities

Controlled Access
Playground
On-Site Manager
On-Site Maintenance
Laundry Facilities
Smoke Free
Heat Included

Unit Amenities

Air Conditioning
Ceiling Fan(s)
Dishwasher
Garbage Disposal
Washer and Dryer Hookup
Cable Ready
Walk-in Closet(s)
Refrigerator
Oven and Range
Water Trash and Sewer Included
Heat and Air
Gas Included

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 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.