About This Property
Balmoral contains 120 units in Hailey, serving low-income families through 36 one-bedroom, 60 two-bedroom, and 24 three-bedroom apartments. The property, placed in service in 2001, utilizes 4% Low-Income Housing Tax Credits and tax-exempt bond financing to maintain affordability.118 units remain restricted for low-income households.
Property Details
Fair Market Rent - Blaine 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 | $925 |
| 1 Bedroom | $1,039 |
| 2 Bedroom | $1,365 |
| 3 Bedroom | $1,830 |
| 4 Bedroom | $1,837 |
Income Limits - Blaine County, ID
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,750
- Very Low (50%)
- $26,250
- Low (80%)
- $42,000
- Extremely Low (30%)
- $18,000
- Very Low (50%)
- $30,000
- Low (80%)
- $48,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,750
- Low (80%)
- $54,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,500
- Low (80%)
- $60,000
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,500
- Low (80%)
- $64,800
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,500
- Low (80%)
- $69,600
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $46,500
- Low (80%)
- $74,400
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $49,500
- Low (80%)
- $79,200
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,750 | $26,250 | $42,000 |
| 2 Persons | $18,000 | $30,000 | $48,000 |
| 3 Persons | $21,960 | $33,750 | $54,000 |
| 4 Persons | $26,500 | $37,500 | $60,000 |
| 5 Persons | $31,040 | $40,500 | $64,800 |
| 6 Persons | $35,580 | $43,500 | $69,600 |
| 7 Persons | $40,120 | $46,500 | $74,400 |
| 8 Persons | $44,660 | $49,500 | $79,200 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Hailey, ID?+
The Fair Market Rent (FMR) for Blaine County, ID is: $925 (Studio), $1039 (1BR), $1365 (2BR), $1830 (3BR), $1837 (4BR). Actual rent at subsidized properties like Balmoral is typically 30% of household income or less.
What size apartments are available at Balmoral?+
Balmoral offers the following unit types: 36 One-Bedroom, 60 Two-Bedroom, 24 Three-Bedroom units, for a total of 120 units.
How do I apply for housing at Balmoral?+
Balmoral 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.
What are the income limits for affordable housing in Blaine County, ID?+
For a 4-person household in Blaine County, ID, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,500, Low Income (80% AMI): $60,000. These limits are set by HUD and updated annually.
What is the price range for apartments in Hailey, ID?+
Based on Fair Market Rent for Blaine County, the estimated price range is: 1-bedroom: $1039, 2-bedroom: $1365, 3-bedroom: $1830. Actual rent at Balmoral may be lower for income-eligible households.
Who manages Balmoral?+
Balmoral is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Balmoral?+
Balmoral primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.