About This Property
Aspen Park offers 72 units of affordable housing in Idaho Falls, with 58 designated as low-income units serving families. The property features a mix of 7 two-bedroom and 65 three-bedroom units and has been in service since 1994. This non-profit owned community is supported by 9% Low-Income Housing Tax Credit financing.
Property Details
Fair Market Rent - Bonneville 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 | $803 |
| 1 Bedroom | $903 |
| 2 Bedroom | $1,098 |
| 3 Bedroom | $1,546 |
| 4 Bedroom | $1,863 |
Income Limits - Bonneville County, ID
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,200
- Very Low (50%)
- $25,300
- Low (80%)
- $40,450
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,900
- Low (80%)
- $46,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,500
- Low (80%)
- $52,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,100
- Low (80%)
- $57,750
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,000
- Low (80%)
- $62,400
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,900
- Low (80%)
- $67,000
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,800
- Low (80%)
- $71,650
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,700
- Low (80%)
- $76,250
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,200 | $25,300 | $40,450 |
| 2 Persons | $17,420 | $28,900 | $46,200 |
| 3 Persons | $21,960 | $32,500 | $52,000 |
| 4 Persons | $26,500 | $36,100 | $57,750 |
| 5 Persons | $31,040 | $39,000 | $62,400 |
| 6 Persons | $35,580 | $41,900 | $67,000 |
| 7 Persons | $40,120 | $44,800 | $71,650 |
| 8 Persons | $44,660 | $47,700 | $76,250 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Idaho Falls, ID?+
The Fair Market Rent (FMR) for Bonneville County, ID is: $803 (Studio), $903 (1BR), $1098 (2BR), $1546 (3BR), $1863 (4BR). Actual rent at subsidized properties like Aspen Park is typically 30% of household income or less.
What size apartments are available at Aspen Park?+
Aspen Park offers the following unit types: 7 Two-Bedroom, 65 Three-Bedroom units, for a total of 72 units.
How do I apply for housing at Aspen Park?+
Aspen Park 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 manages Aspen Park?+
Aspen Park is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Idaho Falls, ID?+
Based on Fair Market Rent for Bonneville County, the estimated price range is: 2-bedroom: $1098, 3-bedroom: $1546. Actual rent at Aspen Park may be lower for income-eligible households.
What are the income limits for affordable housing in Bonneville County, ID?+
For a 4-person household in Bonneville County, ID, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,100, Low Income (80% AMI): $57,750. These limits are set by HUD and updated annually.
Who is eligible to live at Aspen Park?+
Aspen Park primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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