About This Property
Cotton Mill Apts - 2 contains 70 low-income units in Cannelton, Indiana, with a mix of studio, one-bedroom, two-bedroom, and three-bedroom floor plans. The property has been in service since 2001 and is owned and operated by a non-profit organization. The community offers 11 studio units, 17 one-bedroom units, 28 two-bedroom units, and 14 three-bedroom units.
Property Details
Fair Market Rent - Perry 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 | $651 |
| 1 Bedroom | $671 |
| 2 Bedroom | $863 |
| 3 Bedroom | $1,110 |
| 4 Bedroom | $1,465 |
Income Limits - Perry 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 Cannelton, IN?+
The Fair Market Rent (FMR) for Perry County, IN is: $651 (Studio), $671 (1BR), $863 (2BR), $1110 (3BR), $1465 (4BR). Actual rent at subsidized properties like Cotton Mill Apts - 2 is typically 30% of household income or less.
What size apartments are available at Cotton Mill Apts - 2?+
Cotton Mill Apts - 2 offers the following unit types: 11 Studio, 17 One-Bedroom, 28 Two-Bedroom, 14 Three-Bedroom units, for a total of 70 units.
What is the price range for apartments in Cannelton, IN?+
Based on Fair Market Rent for Perry County, the estimated price range is: 1-bedroom: $671, 2-bedroom: $863, 3-bedroom: $1110. Actual rent at Cotton Mill Apts - 2 may be lower for income-eligible households.
Who manages Cotton Mill Apts - 2?+
Cotton Mill Apts - 2 is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Cotton Mill Apts - 2?+
Cotton Mill Apts - 2 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.
What are the income limits for affordable housing in Perry County, IN?+
For a 4-person household in Perry 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.
Contact Information
Walk Score
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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