About This Property
Colfax I contains one 3-bedroom unit designated as low-income housing in Colfax, Indiana. The property was placed in service in 1992 and is located in Clinton County.
Property Details
Fair Market Rent - Clinton 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 | $625 |
| 1 Bedroom | $707 |
| 2 Bedroom | $922 |
| 3 Bedroom | $1,139 |
| 4 Bedroom | $1,228 |
Income Limits - Clinton 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 Colfax, IN?+
The Fair Market Rent (FMR) for Clinton County, IN is: $625 (Studio), $707 (1BR), $922 (2BR), $1139 (3BR), $1228 (4BR). Actual rent at subsidized properties like Colfax I is typically 30% of household income or less.
What size apartments are available at Colfax I?+
Colfax I offers the following unit types: 1 Three-Bedroom units, for a total of 1 units.
What is the price range for apartments in Colfax, IN?+
Based on Fair Market Rent for Clinton County, the estimated price range is: 3-bedroom: $1139. Actual rent at Colfax I may be lower for income-eligible households.
Who manages Colfax I?+
Colfax I is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Clinton County, IN?+
For a 4-person household in Clinton 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.
How do I apply for housing at Colfax I?+
Colfax I 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.