About This Property
Park Wood Place comprises 36 units in Rathdrum, Idaho, with 35 designated as low-income housing serving families. The property, placed in service in 2004, offers a mix of one, two, and three-bedroom units, with 24 two-bedroom units forming the majority of the inventory. The property utilizes 9% Low-Income Housing Tax Credits for financing.
Property Details
Fair Market Rent - Kootenai 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 | $853 |
| 1 Bedroom | $1,042 |
| 2 Bedroom | $1,258 |
| 3 Bedroom | $1,773 |
| 4 Bedroom | $2,135 |
Income Limits - Kootenai County, ID
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,950
- Very Low (50%)
- $23,250
- Low (80%)
- $37,150
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,550
- Low (80%)
- $42,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $29,850
- Low (80%)
- $47,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,150
- Low (80%)
- $53,050
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $35,850
- Low (80%)
- $57,300
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $38,500
- Low (80%)
- $61,550
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,150
- Low (80%)
- $65,800
- Extremely Low (30%)
- $43,800
- Very Low (50%)
- $43,800
- Low (80%)
- $70,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,950 | $23,250 | $37,150 |
| 2 Persons | $17,420 | $26,550 | $42,450 |
| 3 Persons | $21,960 | $29,850 | $47,750 |
| 4 Persons | $26,500 | $33,150 | $53,050 |
| 5 Persons | $31,040 | $35,850 | $57,300 |
| 6 Persons | $35,580 | $38,500 | $61,550 |
| 7 Persons | $40,120 | $41,150 | $65,800 |
| 8 Persons | $43,800 | $43,800 | $70,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Rathdrum, ID?+
The Fair Market Rent (FMR) for Kootenai County, ID is: $853 (Studio), $1042 (1BR), $1258 (2BR), $1773 (3BR), $2135 (4BR). Actual rent at subsidized properties like Park Wood Place is typically 30% of household income or less.
What size apartments are available at Park Wood Place?+
Park Wood Place offers the following unit types: 4 One-Bedroom, 24 Two-Bedroom, 8 Three-Bedroom units, for a total of 36 units.
What is the price range for apartments in Rathdrum, ID?+
Based on Fair Market Rent for Kootenai County, the estimated price range is: 1-bedroom: $1042, 2-bedroom: $1258, 3-bedroom: $1773. Actual rent at Park Wood Place may be lower for income-eligible households.
What are the income limits for affordable housing in Kootenai County, ID?+
For a 4-person household in Kootenai County, ID, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,150, Low Income (80% AMI): $53,050. These limits are set by HUD and updated annually.
How do I apply for housing at Park Wood Place?+
Park Wood Place 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 Park Wood Place?+
Park Wood Place is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Park Wood Place?+
Park Wood Place primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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