About This Property
Timber Cove is a 22-unit affordable housing community in Rathdrum, Idaho that serves elderly residents. The property includes 21 low-income units with a mix of 20 one-bedroom and two two-bedroom apartments. Placed in service in 2002, the community operates under 9% Low-Income Housing Tax Credit 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 |
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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 Timber Cove is typically 30% of household income or less.
What size apartments are available at Timber Cove?+
Timber Cove offers the following unit types: 20 One-Bedroom, 2 Two-Bedroom units, for a total of 22 units.
How do I apply for housing at Timber Cove?+
Timber Cove 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 is eligible to live at Timber Cove?+
Timber Cove primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Timber Cove?+
Timber Cove is managed by . You can reach them at . Visit their website for more information.
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. Actual rent at Timber Cove 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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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