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Affordable Housing Hub’s Guide To Low Income Housing In 46241 (Marion), IN
46241 Section 8 Housing: Section 8 Housing units are federally assisted rental housing properties that enable families to get deeply discounted, subsidized housing below current fair market rental pricing. There are 497 available in 46241 (Marion), IN.
46241 Low Income Housing: Low Income Housing properties are units that provide tax benefits to their owners for making them available as affordable housing units for low income families and individuals. Currently, Low Income Housing Tax Credit Properties makes up almost 90% of low income housing availability in the United States. There are 286 available in 46241 (Marion), IN.
46241 Public Housing: Public housing units are owned and operated by a government authority and offer affordable housing to individuals and families who meet the income elegibility requirements. Currently, there are 127 available in 46241 (Marion), IN.
Housing Authorities serving 46241: The Housing Choice Voucher Program, also known as Section 8 provides tenant-based rental assistance. The vouchers act as cash that qualifying persons can use toward any privately owned residence that accepts vouchers for a portion of rent. Local Housing Authorities oversee the distribution of these vouchers. Tenants are typically expected to pay up to 30% of their income for housing with the rest being covered by the voucher and current Fair Market Rent. There are 2 Housing Authorities Servicing 581 total units providing these programs in Marion, IN.
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46241, Indianapolis, IN Area Information
Indianapolis, Indiana is a thriving city in the Midwest. Known as the Crossroads of America, Indianapolis is the state capital and a hub for business, sports, and culture. The city was founded in 1821 and has a rich history, serving as a center for trade and commerce in the region. Employment Indianapolis is a key player in the manufacturing industry, with major employers including Eli Lilly and Company, a pharmaceutical company, and Rolls-Royce, a luxury car manufacturer. The city is also a major center for healthcare, with the Indiana University Health system and St. Vincent Health employing thousands of people. Indianapolis International Airport is a major hub for FedEx, making it a key location for logistics and transportation. Education and Culture Indianapolis is home to several prestigious universities, including Indiana University-Purdue University Indianapolis and Butler University. The city is also known for its vibrant arts scene, with institutions such as the Indianapolis Museum of Art and the Indiana Repertory Theatre. Fun Activities Indianapolis is famous for its sports, with the Indianapolis Colts football team and the Indiana Pacers basketball team calling the city home. The city also hosts the famous Indianapolis 500 race each year, drawing visitors from all over the world. For those looking for outdoor activities, Indianapolis offers several parks and recreational areas, including White River State Park and Eagle Creek Park. Transportation Indianapolis has a well-developed transportation system, with major highways and a regional airport connecting the city to the rest of the country. The city also has a public transportation system, including a bus system and a downtown electric shuttle. For those looking to explore the city on foot or bike, Indianapolis has several pedestrian and bike-friendly areas, including the Cultural Trail and the Monon Trail. Local polls rank Indianapolis as one of the top cities in the Midwest for its affordability and quality of life. Despite its reputation as a sports city, Indianapolis offers a range of experiences for visitors and locals alike, from museums and galleries to outdoor adventures and cultural festivals.