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Hidden Ponds Apartments

1 E. Creekside Drive, Gas City, Indiana 46933

Hidden Ponds is an affordable housing community in Gas City, IN. We offer private entrances, a clubhouse, playground, and are located close to shopping and dining centers. Please call our site manager for more information.

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Units

Unit (Bd/Ba) Ft2 Rent
Two Bedroom (2/2) 939 From $506 To $635
Three Bedroom (3/2) 1154 From $583 To $732
Four Bedroom (4/2) 1366 From $646 To $812

Hidden Ponds Apartments Details

  • 80 0, 0 and 0 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Playground
  • Laundry Room
  • 24hr Emergency Maintenance

Unit Amenities

  • Central Air
  • Cable Ready
  • Window Coverings
  • Carpet
  • Private Entrance

Nearby Amenities

  • Close to Shopping

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Gas City Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Gas City but actual income limits may differ for units at Hidden Ponds Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $22,900 $26,150 $29,400 $32,650 $35,300 $37,900 $40,500 $43,100
Low Income (60%) $27,480 $31,380 $35,280 $39,180 $42,360 $45,480 $48,600 $51,720

Hidden Ponds Apartments is managed by The Michaels Organization.

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