Affordable Housing In Warsaw
Kosciusko County, Indiana

11 Low Income Apartment Communities In Warsaw

Retired Tigers L.P.

320 W. Main St. Ofc
Warsaw, IN
Income Based
1 BR

Canterbury House Apartments - Warsaw II

100 St. Augustine's Dr
Warsaw, IN
1-4 BR
HCV Welcome

Canterbury House Apartments - Warsaw I

100 St Augustines Dr
Warsaw, IN
1-4 BR
HCV Welcome

Little Crow Lofts

201 S Detroit St
Warsaw, IN
Call For Rent
1-2 BR
HCV Welcome

Valley Forge Apartments II

3100 Frontage Rd
Warsaw, IN

Wilson - Castaldi Apartments

1303 Husky Trl
Warsaw, IN
Disabled Supportive Housing

802 Center

802 E. Center St. Warsaw, IN
Warsaw, IN
HCV Welcome

Heron Preserve II

1101 Heron Blvd
Warsaw, IN
HCV Welcome

Heron Preserve Apartments II

6104 Heron Blvd
Warsaw, IN
HCV Welcome

Courts of Colfax

600 N Colfax St
Warsaw, IN
HCV Welcome

Housing Authorities that serve Warsaw

Housing Authority Programs
Warsaw Housing Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Warsaw, Indiana

There are 11 low income housing apartment communities offering 645 affordable apartments for rent in Warsaw, Indiana. Warsaw features 214 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 431 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Warsaw.

Sourced from federal housing data and research.

Warsaw, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 11
Total Low Income Apartments 645
Total Housing Units with Rental Assistance 214
Percentage of Housing Units Occupied By Renters 38.63%
Average Renter Household Size 2.22
Average Household Size 2.45
Median Household Income $46,195 ±$1,503
Median Rent $733 ±$48
Percentage Of Renters Overburdened 34.27% ± 7.11pp
Total Population 14,385

Population and Household Demographics

Warsaw is a City in Kosciusko County, Indiana with a population of 14,385. There are 5,635 households in the city with an average household size of 2.45 persons. 38.63% of households in Warsaw are renters.

Income and Rent Overburden in Warsaw

The median gross income for households in Warsaw is $46,195 a year, or $3,850 a month. The median rent for the city is $733 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Warsaw, a household making less than $2,443 a month would be considered overburdened when renting an apartment at or above the median rent. 34.27% of households who rent are overburdened in Warsaw.1

Area Median Income In Warsaw

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 Warsaw, the AMI is calculated from all households within Kosciusko County.

In Warsaw, HUD calculates the Area Median Income for a family of four as $66,500

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 Warsaw

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 Warsaw HUD Rental Assistance in Warsaw

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,000 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $23,300 $26,600 $29,950 $33,250 $35,950 $38,600 $41,250 $43,900
80% of Median $37,250 $42,600 $47,900 $53,200 $57,500 $61,750 $66,000 $70,250
Low Income Housing Tax Credits in Warsaw

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

From 1993 to 2007, 6 low income apartment communities containing 465 rental apartments have been constructed and made affordable to low income persons in Warsaw 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 Warsaw

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $23,300 $26,600 $29,950 $33,250 $35,950 $38,600 $41,250 $43,900
60% of Median $27,960 $31,920 $35,940 $39,900 $43,140 $46,320 $49,500 $52,680

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 Warsaw is $35,940 a year, or $2,995 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,995 by 30% to get a maximum rent of $899 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% $583 $624 $749 $865 $965 $1,064
60% $699 $749 $899 $1,038 $1,158 $1,277
Fair Market Rents in Warsaw

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
$553 $630 $763 $995 $1,043