Meadows, Terrace & Hillcrest
490 West Medcalf, Dale, IN 47523
Elderly · 42 1BR, 22 2BR
- Units
- 64
- Rental assistance
- 51
- Vacant
- 10
- Accessible
- 0
- Opened
- 1972
Indiana
USDA rental housing in Spencer County, IN
4 properties in Spencer County have USDA Section 515 or 514 financing: 132 apartments across 4 towns. 95 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.
4properties
132apartments
95rental assistance units
17vacant 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 Listings come from USDA's public data and may be out of date.
Spencer Village Apartments
1010 West 3rd Street, #25, Grandview, IN 47615
Family · 24 1BR
Managed by Landmark Management
- Units
- 24
- Rental assistance
- 23
- Vacant
- 6
- Accessible
- 0
- Opened
- 1997
Santas Community Apartments
202 N Holiday Blvd, Santa Claus, IN 47579
Elderly · 12 1BR, 12 2BR
- Units
- 24
- Rental assistance
- 8
- Vacant
- 1
- Accessible
- 0
- Opened
- 1976
St. Meinrad Hsg
East Brewery Street, St Meinrad, IN 47577
Family · 20 1BR
- Units
- 20
- Rental assistance
- 13
- Vacant
- 0
- 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
Ownership: 3 nonprofit, 1 limited-profit. None has housing tax credits. 2 serve elderly tenants. 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).