Meadow Brook Senior Apartments I and II offers spacious one and two bedroom units for those 62 and over, or disabled, regardless of age. Many of our units are based on income, and some are handicap accessible. This complex offers a community room, laundry facility and many other amenities all in a peaceful setting and close to shopping. Call us today at 812-847-9716 or send us an email at:
Last updated on February 5th, 2018
|1 Bedroom (1/1)||600||From $378 To $557|
The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.
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 Linton but actual income limits may differ for units at Meadowbrook II Senior 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|
Meadowbrook II Senior Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.
Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.
Meadowbrook II Senior Apartments is managed by Biggs Property Management.