Springhill Homes ( Marion Scattered Site )

N Springhill Dr, Marion, Indiana 46953

Springhill Homes ( Marion Scattered Site ) Details

  • 36 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

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.

Marion 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 Marion but actual income limits may differ for units at Springhill Homes ( Marion Scattered Site ).

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $23,400 $26,750 $30,100 $33,400 $36,100 $38,750 $41,450 $44,100
Low Income (60%) $28,080 $32,100 $36,120 $40,080 $43,320 $46,500 $49,740 $52,920

Nearby Low Income Apartment Communities

Prince Hall Plaza

3678 Prince Hall Dr
Marion, Indiana
Income Based
Studio-2 BR
Subsidized

Greentree West Apartments

418 N. Greentree Drive
Marion, Indiana
Income Based
1-3 BR
Subsidized

Prince Hall Towers

3746 Prince Hall Dr
Marion, Indiana
Income Based
1 BR
Subsidized
62+
Accessible
Elderly Supportive Housing

Cambridge Square Marion

1525 W Timberview Dr
Marion, Indiana
Call For Rent
1 BR
Subsidized
62+