Section 42 Housing Indiana

The section 42 low income housing tax credit program also called the rental housing tax credit program is a federal program governed by the internal revenue service irs.

Section 42 housing indiana. The maximum amount a voucher would pay on behalf of a low income tenant in indianapolis indiana for a two bedroom apartment is between 851 and 1 041. Section 42 housing is subsidized housing and a part of a federal tax program that allows builders and developers to provide affordable housing. Upcoming trainings and events.

Section 42 is an affordable rental housing program. Most common construction issues presentation 2019 indiana housing conference 2020 list of approved market study providers updated february 4 2020 2020 rhtc cost containment data utility allowances faq what is section 42 rental housing. Faq what is section 42 rental housing.

Tenants guide to section 42 rental housing. The average voucher holder contributes 400 towards rent in noblesville. On average section 8 housing choice vouchers pay indianapolis landlords 600 per month towards rent.

Faq what is home rental housing. In exchange for the tax credit the property owner must agree to restrict occupancy to program eligible households see part 2 below to follow program rent restrictions see part 3 below and to. Tenants guide to home rental housing.

Affordable low income housing there are several options available to you in northeast indiana including public housing housing choice vouchers also known as subsidized or section 8 housing and tax credit or section 42 housing. Find affordable housing in fort wayne or northeast indiana using our directory to search for apartments rental homes low income housing or senior living. Our offices are currently open from 8 a m.

Each program has different requirements so we have listed some basic information below. Tenants guide to section 42 rental housing. For discrimination related housing issues please contact the indiana civil rights commission.