About This Property
Chestnut consists of 36 apartments in Sandpoint, Idaho, with 31 units designated as low-income housing. The community includes five one-bedroom and thirty-one two-bedroom units designed to serve families and has been in operation since 2017. This property is financed through 9% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Bonner 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 | $825 |
| 1 Bedroom | $830 |
| 2 Bedroom | $1,068 |
| 3 Bedroom | $1,505 |
| 4 Bedroom | $1,812 |
Income Limits - Bonner County, ID
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,550
- Very Low (50%)
- $22,600
- Low (80%)
- $36,150
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $25,800
- Low (80%)
- $41,300
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $29,050
- Low (80%)
- $46,450
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $32,250
- Low (80%)
- $51,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $34,850
- Low (80%)
- $55,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $37,450
- Low (80%)
- $59,900
- Extremely Low (30%)
- $40,000
- Very Low (50%)
- $40,000
- Low (80%)
- $64,000
- Extremely Low (30%)
- $42,600
- Very Low (50%)
- $42,600
- Low (80%)
- $68,150
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,550 | $22,600 | $36,150 |
| 2 Persons | $17,420 | $25,800 | $41,300 |
| 3 Persons | $21,960 | $29,050 | $46,450 |
| 4 Persons | $26,500 | $32,250 | $51,600 |
| 5 Persons | $31,040 | $34,850 | $55,750 |
| 6 Persons | $35,580 | $37,450 | $59,900 |
| 7 Persons | $40,000 | $40,000 | $64,000 |
| 8 Persons | $42,600 | $42,600 | $68,150 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Sandpoint, ID?+
The Fair Market Rent (FMR) for Bonner County, ID is: $825 (Studio), $830 (1BR), $1068 (2BR), $1505 (3BR), $1812 (4BR). Actual rent at subsidized properties like Chestnut is typically 30% of household income or less.
What size apartments are available at Chestnut?+
Chestnut offers the following unit types: 5 One-Bedroom, 31 Two-Bedroom units, for a total of 36 units.
How do I apply for housing at Chestnut?+
Chestnut 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 Bonner County, ID?+
For a 4-person household in Bonner County, ID, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $32,250, Low Income (80% AMI): $51,600. These limits are set by HUD and updated annually.
Who is eligible to live at Chestnut?+
Chestnut primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Chestnut?+
Chestnut is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Sandpoint, ID?+
Based on Fair Market Rent for Bonner County, the estimated price range is: 1-bedroom: $830, 2-bedroom: $1068. Actual rent at Chestnut may be lower for income-eligible households.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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