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The Retreat at Mineral Springs

110 N. Main St., Martinsville, Indiana 46151

he apartments are close to historic downtown Martinsville, known for the Mineral Springs. The office is across from the Historic Court house, and just down the street from the Post office and close to banks. Also, near are J&Ks Cheesecake, along with some other wonderful restaurants, such as Mexican, BBQ and just old time home cooking. Martinsville is a small town with lots of friendly folks.

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Units

Unit (Bd/Ba) Ft2 Rent
Studio (Studio/1) 536 Call for Price
One Bedroom (1/1) 620 Call for Price
Two Bedroom (2/2) 1088 Call for Price

The Retreat at Mineral Springs Details

  • 38 0, 0 and 0 bedroom units.
  • $25.00 application fee
  • Section 202 Supportive Housing for the Elderly
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Business Center
  • On-Site Manager
  • 24hr Emergency Maintenance
  • Energy Efficient Design
  • Smoking and non-smoking wings
  • Pet Friendly

Unit Amenities

  • Ceiling Fan(s)
  • Dishwasher
  • Garbage Disposal
  • Carpet
  • Tile Floors
  • Water Trash and Sewer Included
  • Washer/ Dryer

Office Hours

Day Hours
Monday 9:00am-6:00pm
Tuesday 9:00am-6:00pm
Wednesday 9:00am-6:00pm
Thursday 9:00am-6:00pm
Friday 9:00am-6:00pm

Section 202 Supportive Housing for the Elderly

Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.

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.

The Retreat at Mineral Springs is managed by Flaherty & Collins.

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