About This Property
Canal Senior Apts offers 67 units in Payson, Arizona, with 58 designated as low-income housing serving elderly residents. The property includes 55 one-bedroom and seven two-bedroom apartments and has been in service since 2005. The community utilizes 9% Low-Income Housing Tax Credits and operates under non-profit ownership.
Property Details
Fair Market Rent - Gila County, AZ
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $855 |
| 1 Bedroom | $960 |
| 2 Bedroom | $1,262 |
| 3 Bedroom | $1,778 |
| 4 Bedroom | $1,846 |
Income Limits - Gila County, AZ
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,600
- Low (80%)
- $31,300
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,400
- Low (80%)
- $35,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $25,200
- Low (80%)
- $40,250
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,950
- Low (80%)
- $44,700
- Extremely Low (30%)
- $30,200
- Very Low (50%)
- $30,200
- Low (80%)
- $48,300
- Extremely Low (30%)
- $32,450
- Very Low (50%)
- $32,450
- Low (80%)
- $51,900
- Extremely Low (30%)
- $34,700
- Very Low (50%)
- $34,700
- Low (80%)
- $55,450
- Extremely Low (30%)
- $36,900
- Very Low (50%)
- $36,900
- Low (80%)
- $59,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,600 | $31,300 |
| 2 Persons | $17,420 | $22,400 | $35,800 |
| 3 Persons | $21,960 | $25,200 | $40,250 |
| 4 Persons | $26,500 | $27,950 | $44,700 |
| 5 Persons | $30,200 | $30,200 | $48,300 |
| 6 Persons | $32,450 | $32,450 | $51,900 |
| 7 Persons | $34,700 | $34,700 | $55,450 |
| 8 Persons | $36,900 | $36,900 | $59,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Payson, AZ?+
The Fair Market Rent (FMR) for Gila County, AZ is: $855 (Studio), $960 (1BR), $1262 (2BR), $1778 (3BR), $1846 (4BR). Actual rent at subsidized properties like Canal Senior Apts is typically 30% of household income or less.
What size apartments are available at Canal Senior Apts?+
Canal Senior Apts offers the following unit types: 55 One-Bedroom, 7 Two-Bedroom units, for a total of 67 units.
What is the price range for apartments in Payson, AZ?+
Based on Fair Market Rent for Gila County, the estimated price range is: 1-bedroom: $960, 2-bedroom: $1262. Actual rent at Canal Senior Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Gila County, AZ?+
For a 4-person household in Gila County, AZ, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,950, Low Income (80% AMI): $44,700. These limits are set by HUD and updated annually.
How do I apply for housing at Canal Senior Apts?+
Canal Senior Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who is eligible to live at Canal Senior Apts?+
Canal Senior Apts primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Canal Senior Apts?+
Canal Senior Apts is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.