Greenbriar Sr
770 E Franklin St, Spencer, IN 47460
Elderly · 30 1BR
Managed by Biggs Property Management
- Units
- 30
- Rental assistance
- 28
- Vacant
- 1
- Accessible
- 6
- Opened
- 1990
Indiana
USDA rental housing in Owen County, IN
2 properties in Owen County have USDA Section 515 or 514 financing: 54 apartments in Spencer. 44 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.
2properties
54apartments
44rental assistance units
4vacant 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 Listings come from USDA's public data and may be out of date.
Pines Apartments Of Spencer
25 Pines Drive, Spencer, IN 47460
Family · 12 1BR, 12 2BR
Managed by Rj Wells Mgmt Corp
- Units
- 24
- Rental assistance
- 16
- Vacant
- 3
- Accessible
- 0
- Opened
- 1986
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
All 2 are limited-profit. 1 also has housing tax credits. 1 serves 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.
Every property in one file: 515/514 portfolio download (CSV and JSON).