About This Property
Balmoral II comprises 72 units in Hailey, Idaho, with 71 designated as low-income housing serving families. The property offers a unit mix of 36 two-bedroom and 36 three-bedroom apartments and has been in service since 2003. Funding includes tax-exempt bonds and 4% Low-Income Housing Tax Credits.
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 |
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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 Ii is typically 30% of household income or less.
What size apartments are available at Balmoral Ii?+
Balmoral Ii offers the following unit types: 36 Two-Bedroom, 36 Three-Bedroom units, for a total of 72 units.
What is the price range for apartments in Hailey, ID?+
Based on Fair Market Rent for Blaine County, the estimated price range is: 2-bedroom: $1365, 3-bedroom: $1830. Actual rent at Balmoral Ii may be lower for income-eligible households.
Who is eligible to live at Balmoral Ii?+
Balmoral Ii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Balmoral Ii?+
Balmoral Ii is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 manages Balmoral Ii?+
Balmoral Ii is managed by . You can reach them at .
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.
Walk Score
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Nearby Schools
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