Affordable Housing In Brookville
Franklin County, Indiana

4 Low Income Apartment Communities In Brookville

Riverfront Apartments Olynger Management

1390 Fairfield Ave
Brookville, IN
Subsidized

Whitewater Place Apartments

296 Webers Ln
Brookville, IN
Subsidized

Brookville Lake Senior Housing

11051 State Road 101
Brookville, IN
HCV Welcome

Fairbrook Manor

1301 Fairfield Ave
Brookville, IN
Subsidized
  • «
  • 1
  • »

Housing Authorities that serve Brookville

Housing Authority Programs
Franklin County Housing Authority Section 8 Housing Choice Voucher (HCV)
Southeastern Indiana Economic Opportunity Corporation Section 8 Housing Choice Voucher (HCV); Family Self-sufficiency

Guide To Affordable Housing in Brookville, Indiana

There are 4 low income housing apartment communities offering 627 affordable apartments for rent in Brookville, Indiana. Brookville features 592 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 35 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Brookville.

Sourced from federal housing data and AffordableHousingOnline.com research.

Brookville, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 627
Total Housing Units with Rental Assistance 592
Percentage of Housing Units Occupied By Renters 44.79%
Average Renter Household Size 2.15
Average Household Size 2.20
Median Household Income $38,333 ±$5,771
Median Rent $583 ±$34
Percentage Of Renters Overburdened 37.02% ± 9.31pp
Total Population 2,573

Population and Household Demographics

Brookville is a City in Franklin County, Indiana with a population of 2,573. There are 1,170 households in the city with an average household size of 2.20 persons. 44.79% of households in Brookville are renters.

Income and Rent Overburden in Brookville

The median gross income for households in Brookville is $38,333 a year, or $3,194 a month. The median rent for the city is $583 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Brookville, a household making less than $1,943 a month would be considered overburdened when renting an apartment at or above the median rent. 37.02% of households who rent are overburdened in Brookville.1

Area Median Income In Brookville

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Brookville, the AMI is calculated from all households within Franklin County.

In Brookville, HUD calculates the Area Median Income for a family of four as $67,600

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Brookville

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Brookville HUD Rental Assistance in Brookville

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,250 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $23,700 $27,050 $30,450 $33,800 $36,550 $39,250 $41,950 $44,650
80% of Median $37,900 $43,300 $48,700 $54,100 $58,450 $62,800 $67,100 $71,450
Low Income Housing Tax Credits in Brookville

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 2004 to 2007, 3 low income apartment communities containing 117 rental apartments have been constructed and made affordable to low income persons in Brookville by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Brookville

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $23,700 $27,050 $30,450 $33,800 $36,550 $39,250 $41,950 $44,650
60% of Median $28,440 $32,460 $36,540 $40,560 $43,860 $47,100 $50,340 $53,580

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Brookville is $36,540 a year, or $3,045 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,045 by 30% to get a maximum rent of $914 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $593 $634 $761 $879 $981 $1,083
60% $711 $761 $914 $1,055 $1,178 $1,299
Fair Market Rents in Brookville

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$469 $547 $720 $913 $1,031