Affordable Housing In Switzerland County
Indiana

4 Low Income Apartment Communities In Switzerland County

Riverbend Senior Apartments

501 Washington Street #7
Vevay, IN
Call For Rent
1-2 BR
55+
Accessible

Valley Apartments

402 Seminary Street
Vevay, IN
Subsidized

Switzer Square Apartments

803 E Main St
Vevay, IN
Subsidized

Indian Creek - Credits Returned 04 11 01

6268 E State Road 56
Vevay, IN
HCV Welcome
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Housing Authorities that serve Switzerland County

Housing Authority Programs
Southeastern Indiana Economic Opportunity Corporation Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency

Guide To Affordable Housing in Switzerland County, Indiana

There are 4 low income housing apartment communities offering 236 affordable apartments for rent in Switzerland County, Indiana. Switzerland County features 236 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 0 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Switzerland County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Switzerland County, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 236
Total Housing Units with Rental Assistance 236
Percentage of Housing Units Occupied By Renters 28.54%
Average Renter Household Size 2.83
Average Household Size 2.55
Median Household Income $44,061 ±$2,816
Median Rent $785 ±$55
Percentage Of Renters Overburdened 32.96% ± 8.68pp
Total Population 10,500

Population and Household Demographics

Switzerland County is a County in Indiana with a population of 10,500. There are 4,071 households in the county with an average household size of 2.55 persons. 28.54% of households in Switzerland County are renters.

Income and Rent Overburden in Switzerland County

The median gross income for households in Switzerland County is $44,061 a year, or $3,672 a month. The median rent for the county is $785 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Switzerland County, a household making less than $2,617 a month would be considered overburdened when renting an apartment at or above the median rent. 32.96% of households who rent are overburdened in Switzerland County.1

Area Median Income In Switzerland County

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.

In Switzerland County, HUD calculates the Area Median Income for a family of four as $50,600

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 Switzerland County

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 Switzerland County HUD Rental Assistance in Switzerland County

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 Switzerland County

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

From 1989 to 2000, 3 low income apartment communities containing 48 rental apartments have been constructed and made affordable to low income persons in Switzerland County 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 Switzerland County

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 Switzerland County 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 Switzerland County

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
$469 $543 $714 $998 $1,002

Cities In Switzerland County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Vevay 4 The HUD funded Public Housing Agency that serves Vevay is the Southeastern Indiana Economic Opportunity Corporation.
East Enterprise 0 The HUD funded Public Housing Agency that serves East Enterprise is the Southeastern Indiana Economic Opportunity Corporation.
Florence 0 The HUD funded Public Housing Agency that serves Florence is the Southeastern Indiana Economic Opportunity Corporation.
Patriot 0 The HUD funded Public Housing Agency that serves Patriot is the Southeastern Indiana Economic Opportunity Corporation.