About This Property
Park Wood Place II is a 36-unit affordable housing community in Rathdrum, Idaho that has been in service since 2006. The property contains 28 low-income units with a mix of one-, two-, and three-bedroom floor plans designed to serve families. The community is funded through the 9% Low-Income Housing Tax Credit program.
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 Ii is typically 30% of household income or less.
What size apartments are available at Park Wood Place Ii?+
Park Wood Place Ii offers the following unit types: 4 One-Bedroom, 22 Two-Bedroom, 10 Three-Bedroom units, for a total of 36 units.
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 Ii?+
Park Wood Place Ii 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 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 Ii may be lower for income-eligible households.
Who manages Park Wood Place Ii?+
Park Wood Place Ii is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Park Wood Place Ii?+
Park Wood Place Ii 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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