About This Property
Frankfort Place Apartments comprises 36 low-income units in Frankfort, Indiana, featuring 18 one-bedroom and 18 two-bedroom floor plans. The property was placed in service in 1999 and utilizes 4% Low-Income Housing Tax Credit financing. The community 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 Frankfort, 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 Frankfort Place Apts is typically 30% of household income or less.
What size apartments are available at Frankfort Place Apts?+
Frankfort Place Apts offers the following unit types: 18 One-Bedroom, 18 Two-Bedroom units, for a total of 36 units.
How do I apply for housing at Frankfort Place Apts?+
Frankfort Place 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 Frankfort Place Apts?+
Frankfort Place Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Frankfort, IN?+
Based on Fair Market Rent for Clinton County, the estimated price range is: 1-bedroom: $707, 2-bedroom: $922. Actual rent at Frankfort Place Apts may be lower for income-eligible households.
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.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.