Indiana

USDA rental housing in Fountain County, IN

5 properties in Fountain County have USDA Section 515 or 514 financing: 110 apartments across 3 towns. 74 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.

5properties
110apartments
74rental assistance units
7vacant units reported

Equal housing opportunity. Properties financed by USDA Rural Development must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin. If you believe you were treated unfairly, you can file a complaint with HUD at 1-800-669-9777 or with USDA at 866-632-9992.

Open Country does not own, manage or rent these properties and does not take applications. Contact each property's management company for availability, rents and eligibility. Listings come from USDA's public data and may be out of date.

Jackson St Apts

411 E. Jackson Stree, Attica, IN 47918

Elderly · 16 1BR

Managed by Valenti Held Property

Units
16
Rental assistance
15
Vacant
0
Accessible
0
Opened
1979

Perry Street Apts

204 West Perry Street, Attica, IN 47918

Elderly · 6 1BR

Managed by Biggs Property Management

Units
6
Rental assistance
5
Vacant
1
Accessible
0
Opened
1996

Ravine Heights

114 Edgewood Drive, Attica, IN 47918

Family · 33 1BR, 15 2BR

Managed by Imperial Management

Units
48
Rental assistance
25
Vacant
2
Accessible
0
Opened
1981

Wabash Manor

301 Constitution Ave, Covington, IN 47932

Elderly · 20 1BR, 4 2BR

Managed by Imperial Management

Units
24
Rental assistance
13
Vacant
1
Accessible
0
Opened
1988

Kingman Housing INC

316 Odd Street, Kingman, IN 47952

Family · 16 1BR

Managed by Biggs Property Management

Units
16
Rental assistance
16
Vacant
3
Accessible
0
Opened
1981

Source: USDA Rural Development, Section 515/514 active properties file (data as of October 19, 2026). Vacancies are as USDA last recorded them, not live availability.

Who can rent here

USDA-financed apartments are for very low, low and moderate income households (7 CFR 3560.152), and elderly and congregate properties also require a household that meets USDA's definition of elderly. In a unit with USDA rental assistance, the tenant pays the highest of 30% of monthly adjusted income, 10% of gross monthly income or a welfare shelter allowance, and the assistance covers the rest of the rent (7 CFR 3560.203). Each property's manager checks income against USDA's limits for the area when you apply and can tell you whether a unit with rental assistance is open.

For owners and buyers

Ownership: 2 nonprofit, 3 limited-profit. None has housing tax credits. 3 serve elderly tenants. USDA's file shows use restrictions on 1 property here ending by 2031. Owners of aging 515 properties can use a Section 538 guaranteed loan to finance a transfer and rehab, at USDA's lower 60 and 25 basis point preservation fees. How 515 transfers work with 538.

Watch a property for maturity or prepayment

Pick a Fountain County property. We'll email when USDA's monthly file shows its use-restriction date, rental assistance, unit count or ownership type change, or when it drops out of the active portfolio, which is what happens when the loan is prepaid or paid off.

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Every property in one file: 515/514 portfolio download (CSV and JSON).