About This Property
Redstone is a 24-unit affordable housing community in Challis, Idaho, with 23 units designated for low-income households. The property offers a mix of one, two, and three-bedroom units (8 of each) and has been in service since 1994, currently operating under 4% Low-Income Housing Tax Credit financing. The community serves families seeking affordable rental housing in Custer County.
Property Details
Fair Market Rent - Custer 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 | $715 |
| 1 Bedroom | $748 |
| 2 Bedroom | $974 |
| 3 Bedroom | $1,373 |
| 4 Bedroom | $1,641 |
Income Limits - Custer County, ID
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,850
- Low (80%)
- $33,350
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,800
- Low (80%)
- $38,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,800
- Low (80%)
- $42,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,750
- Low (80%)
- $47,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,150
- Low (80%)
- $51,450
- Extremely Low (30%)
- $34,550
- Very Low (50%)
- $34,550
- Low (80%)
- $55,250
- Extremely Low (30%)
- $36,900
- Very Low (50%)
- $36,900
- Low (80%)
- $59,050
- Extremely Low (30%)
- $39,300
- Very Low (50%)
- $39,300
- Low (80%)
- $62,850
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,850 | $33,350 |
| 2 Persons | $17,420 | $23,800 | $38,100 |
| 3 Persons | $21,960 | $26,800 | $42,850 |
| 4 Persons | $26,500 | $29,750 | $47,600 |
| 5 Persons | $31,040 | $32,150 | $51,450 |
| 6 Persons | $34,550 | $34,550 | $55,250 |
| 7 Persons | $36,900 | $36,900 | $59,050 |
| 8 Persons | $39,300 | $39,300 | $62,850 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Challis, ID?+
The Fair Market Rent (FMR) for Custer County, ID is: $715 (Studio), $748 (1BR), $974 (2BR), $1373 (3BR), $1641 (4BR). Actual rent at subsidized properties like Redstone is typically 30% of household income or less.
What size apartments are available at Redstone?+
Redstone offers the following unit types: 8 One-Bedroom, 8 Two-Bedroom, 8 Three-Bedroom units, for a total of 24 units.
Who manages Redstone?+
Redstone is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Challis, ID?+
Based on Fair Market Rent for Custer County, the estimated price range is: 1-bedroom: $748, 2-bedroom: $974, 3-bedroom: $1373. Actual rent at Redstone may be lower for income-eligible households.
Who is eligible to live at Redstone?+
Redstone primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Custer County, ID?+
For a 4-person household in Custer County, ID, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,750, Low Income (80% AMI): $47,600. These limits are set by HUD and updated annually.
How do I apply for housing at Redstone?+
Redstone 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
Almost All Errands Require a Car