About This Property
Waterbury Apts offers 84 low-income units in Decatur, IN, with a unit mix of 56 two-bedroom and 28 three-bedroom apartments. The property was placed in service in 1999 and operates under 9% Low-Income Housing Tax Credit financing. For additional information, interested parties may contact the property management office.
Property Details
Fair Market Rent - Adams County, IN
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $652 |
| 1 Bedroom | $657 |
| 2 Bedroom | $863 |
| 3 Bedroom | $1,108 |
| 4 Bedroom | $1,149 |
Income Limits - Adams County, IN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,050
- Very Low (50%)
- $23,400
- Low (80%)
- $37,450
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,750
- Low (80%)
- $42,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,100
- Low (80%)
- $48,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,400
- Low (80%)
- $53,450
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,100
- Low (80%)
- $57,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $38,750
- Low (80%)
- $62,050
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,450
- Low (80%)
- $66,300
- Extremely Low (30%)
- $44,100
- Very Low (50%)
- $44,100
- Low (80%)
- $70,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,050 | $23,400 | $37,450 |
| 2 Persons | $17,420 | $26,750 | $42,800 |
| 3 Persons | $21,960 | $30,100 | $48,150 |
| 4 Persons | $26,500 | $33,400 | $53,450 |
| 5 Persons | $31,040 | $36,100 | $57,750 |
| 6 Persons | $35,580 | $38,750 | $62,050 |
| 7 Persons | $40,120 | $41,450 | $66,300 |
| 8 Persons | $44,100 | $44,100 | $70,600 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Decatur, IN?+
The Fair Market Rent (FMR) for Adams County, IN is: $652 (Studio), $657 (1BR), $863 (2BR), $1108 (3BR), $1149 (4BR). Actual rent at subsidized properties like Waterbury Apts is typically 30% of household income or less.
What size apartments are available at Waterbury Apts?+
Waterbury Apts offers the following unit types: 56 Two-Bedroom, 28 Three-Bedroom units, for a total of 84 units.
What is the price range for apartments in Decatur, IN?+
Based on Fair Market Rent for Adams County, the estimated price range is: 2-bedroom: $863, 3-bedroom: $1108. Actual rent at Waterbury Apts may be lower for income-eligible households.
How do I apply for housing at Waterbury Apts?+
Waterbury Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who manages Waterbury Apts?+
Waterbury Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Adams County, IN?+
For a 4-person household in Adams County, IN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,400, Low Income (80% AMI): $53,450. These limits are set by HUD and updated annually.
Walk Score
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Nearby Schools
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