About This Property
Aspenwood is a 36-unit affordable housing community in Montpelier, Idaho that has served elderly residents since 2010. The property contains 35 low-income units, with all units configured as one-bedroom apartments. This Bear Lake County community provides housing options for seniors with limited incomes.
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Bear Lake County, ID
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $665 |
| 1 Bedroom | $695 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,275 |
| 4 Bedroom | $1,525 |
Income Limits - Bear Lake County, ID
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,200
- Very Low (50%)
- $23,650
- Low (80%)
- $37,800
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,000
- Low (80%)
- $43,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,400
- Low (80%)
- $48,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,750
- Low (80%)
- $54,000
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,450
- Low (80%)
- $58,350
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,150
- Low (80%)
- $62,650
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,850
- Low (80%)
- $67,000
- Extremely Low (30%)
- $44,550
- Very Low (50%)
- $44,550
- Low (80%)
- $71,300
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,200 | $23,650 | $37,800 |
| 2 Persons | $17,420 | $27,000 | $43,200 |
| 3 Persons | $21,960 | $30,400 | $48,600 |
| 4 Persons | $26,500 | $33,750 | $54,000 |
| 5 Persons | $31,040 | $36,450 | $58,350 |
| 6 Persons | $35,580 | $39,150 | $62,650 |
| 7 Persons | $40,120 | $41,850 | $67,000 |
| 8 Persons | $44,550 | $44,550 | $71,300 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Montpelier, ID?+
The Fair Market Rent (FMR) for Bear Lake County, ID is: $665 (Studio), $695 (1BR), $905 (2BR), $1275 (3BR), $1525 (4BR). Actual rent at subsidized properties like Aspenwood is typically 30% of household income or less.
What size apartments are available at Aspenwood?+
Aspenwood offers the following unit types: 36 One-Bedroom units, for a total of 36 units.
What is the price range for apartments in Montpelier, ID?+
Based on Fair Market Rent for Bear Lake County, the estimated price range is: 1-bedroom: $695. Actual rent at Aspenwood may be lower for income-eligible households.
What are the income limits for affordable housing in Bear Lake County, ID?+
For a 4-person household in Bear Lake County, ID, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,750, Low Income (80% AMI): $54,000. These limits are set by HUD and updated annually.
Who is eligible to live at Aspenwood?+
Aspenwood primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the HUD inspection score for Aspenwood?+
Aspenwood has a HUD inspection score of 98 out of 100, which is considered excellent. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
Who manages Aspenwood?+
Aspenwood is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Aspenwood?+
Aspenwood 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.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.