Affordable Housing In Marengo
Crawford County, Indiana

5 Low Income Apartment Communities In Marengo

Lhdc Marengo Housing for Elderly

521 S Sugar St
Marengo, IN
62+
Accessible
Elderly Supportive Housing
Subsidized

Village Apartments of Marengo

285 S Main St
Marengo, IN
HCV Welcome

Springtown Apartments

160 S Main St
Marengo, IN
HCV Welcome

Indiana

R 2 Main St Or 100 Village Rd
Marengo, IN
HCV Welcome

Spring Town Apartments

122 S Main St
Marengo, IN
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Housing Authorities that serve Marengo

Housing Authority Programs
Lincoln Hills Development Corporation Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Marengo, Indiana

According to federal housing data and AffordableHousingOnline.com research, there are 5 low income housing apartment communities offering 130 affordable apartments for rent in Marengo, Indiana. Marengo features 42 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 88 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Marengo.

Marengo, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 130
Total Housing Units with Rental Assistance 42
Percentage of Housing Units Occupied By Renters 42.28%
Average Renter Household Size 2.88
Average Household Size 2.63
Median Household Income $23,929 ±$4,755
Median Rent $568 ±$165
Percentage Of Renters Overburdened 55.47% ± 15.3pp
Total Population 852

Population and Household Demographics

Marengo is a City in Crawford County, Indiana with a population of 852. There are 324 households in the city with an average household size of 2.63 persons. 42.28% of households in Marengo are renters.

Income and Rent Overburden in Marengo

The median gross income for households in Marengo is $23,929 a year, or $1,994 a month. The median rent for the city is $568 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Marengo, a household making less than $1,893 a month would be considered overburdened when renting an apartment at or above the median rent. 55.47% of households who rent are overburdened in Marengo.1

Area Median Income In Marengo

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 Marengo, the AMI is calculated from all households within Crawford County.

In Marengo, HUD calculates the Area Median Income for a family of four as $50,000

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 Marengo

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 Marengo HUD Rental Assistance in Marengo

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,550 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $42,600
50% of Median $22,600 $25,800 $29,050 $32,250 $34,850 $37,450 $40,000 $42,600
80% of Median $36,150 $41,300 $46,450 $51,600 $55,750 $59,900 $64,000 $68,150
Low Income Housing Tax Credits in Marengo

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

From 1996 to 2008, 2 low income apartment communities containing 43 rental apartments have been constructed and made affordable to low income persons in Marengo 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 Marengo

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $22,600 $25,800 $29,050 $32,250 $34,850 $37,450 $40,000 $42,600
60% of Median $27,120 $30,960 $34,860 $38,700 $41,820 $44,940 $48,000 $51,120

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 Marengo is $34,860 a year, or $2,905 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,905 by 30% to get a maximum rent of $872 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% $565 $605 $726 $839 $936 $1,033
60% $678 $726 $872 $1,007 $1,124 $1,239
Fair Market Rents in Marengo

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
$500 $542 $714 $909 $967