Low Income Apartments In Jasper
Dubois County, Indiana

Low Income Apartments In Jasper

Jasper Lofts

1300 Dewey Street
Jasper, IN
$525-675
1-4 BR

Vine Street Lofts

1308 Vine St. , Jasper
Jasper, IN
$320-640
1-2 BR
55+
62+
HCV Welcome

Meadowood Apartments

660 Rumbach Avenue
Jasper, IN
1 BR
62+
Subsidized

Badendorff Arms

271 Baden Strasse
Jasper, IN
Subsidized

Benjamin Rush Home Jasper

1702 N Mill St
Jasper, IN
Accessible
Disabled Supportive Housing
Subsidized

Clifford Biers House

140 E 37th St
Jasper, IN
Accessible
Disabled Supportive Housing
Subsidized

Wally Shellenberger House

2485 Stacey Ln
Jasper, IN
Accessible
Disabled Supportive Housing
Subsidized

Knoll Ridge Place Apartments

367 W 43rd St
Jasper, IN
HCV Welcome

Mill Creek Apartments

3010 N Portersville Rd
Jasper, IN
HCV Welcome
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There are 9 low income housing apartment complexes which contain 313 affordable apartments for rent in Jasper, Indiana. Many of these rental apartments are income based housing with about 182 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 96 Project-Based Section 8 subsidized apartments in Jasper. There are 64 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Jasper

Housing Authority Programs
Hoosier Uplands Economic Development Corporation Section 8 Housing Choice Voucher

Guide To Affordable Housing in Jasper, Indiana

Jasper, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 9
Total Low Income Apartments 313
Total Rent Assisted Apartments 182
Percentage of Housing Units Occupied By Renters 31.97%
Average Renter Household Size 2.23
Total Population 15,538
Housing Units 6,091
Average Household Size 2.44
Median Household Income $53,044 ±$4,202
Median Rent $601 ±$44
Percentage Of Renters Overburdened 34.62% ± 10.27pp

Population and Household Demographics

Jasper is a City in Dubois County, Indiana with a population of 15,538. There are 6,091 households in the city with an average household size of 2.44 persons. 31.97% of households in Jasper are renters.

Income and Rent Overburden in Jasper

The median gross income for households in Jasper is $53,044 a year, or $4,420 a month. The median rent for the city is $601 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Jasper, a household making less than $2,003 a month would be considered overburdened when renting an apartment at or above the median rent. 34.62% of households who rent are overburdened in Jasper.1

Area Median Income In Jasper

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 Jasper, the AMI is calculated from all households within Dubois County.

In Jasper, HUD calculates the Area Median Income for a family of four as $70,100

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 Jasper

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 Jasper HUD Rental Assistance in Jasper

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,750 $16,850 $20,780 $25,100 $29,420 $33,740 $38,060 $42,380
50% of Median $24,550 $28,050 $31,550 $35,050 $37,900 $40,700 $43,500 $46,300
80% of Median $39,300 $44,900 $50,500 $56,100 $60,600 $65,100 $69,600 $74,100
Low Income Housing Tax Credits in Jasper

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

From 1989 to 1999, 2 low income apartment communities containing 64 rental apartments have been constructed and made affordable to low income persons in Jasper 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 Jasper

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $29,460 $33,660 $37,860 $42,060 $45,480 $48,840 $52,200 $55,560

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 Jasper is $37,860 a year, or $3,155 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,155 by 30% to get a maximum rent of $947 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% $614 $658 $789 $912 $1,018 $1,123
60% $737 $789 $947 $1,094 $1,221 $1,347
Fair Market Rents in Jasper

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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$527 $530 $688 $938 $1,208