About This Property
Farwell Mill Phase II comprises 27 one-bedroom units in Lisbon Falls, Maine, designated for low-income families. The property has served residents since 1998 and utilizes 9% Low-Income Housing Tax Credits (LIHTC) and tax-exempt bond financing. All units are restricted for low-income occupancy.
Property Details
Fair Market Rent - Androscoggin County, ME
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $756 |
| 1 Bedroom | $877 |
| 2 Bedroom | $1,111 |
| 3 Bedroom | $1,462 |
| 4 Bedroom | $1,635 |
Income Limits - Androscoggin County, ME
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,950
- Very Low (50%)
- $24,950
- Low (80%)
- $39,900
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,500
- Low (80%)
- $45,600
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,050
- Low (80%)
- $51,300
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,600
- Low (80%)
- $56,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,450
- Low (80%)
- $61,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,300
- Low (80%)
- $66,100
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,150
- Low (80%)
- $70,650
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,000
- Low (80%)
- $75,200
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,950 | $24,950 | $39,900 |
| 2 Persons | $17,420 | $28,500 | $45,600 |
| 3 Persons | $21,960 | $32,050 | $51,300 |
| 4 Persons | $26,500 | $35,600 | $56,950 |
| 5 Persons | $31,040 | $38,450 | $61,550 |
| 6 Persons | $35,580 | $41,300 | $66,100 |
| 7 Persons | $40,120 | $44,150 | $70,650 |
| 8 Persons | $44,660 | $47,000 | $75,200 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lisbon Falls, ME?+
The Fair Market Rent (FMR) for Androscoggin County, ME is: $756 (Studio), $877 (1BR), $1111 (2BR), $1462 (3BR), $1635 (4BR). Actual rent at subsidized properties like Farwell Mill Phase Ii is typically 30% of household income or less.
What size apartments are available at Farwell Mill Phase Ii?+
Farwell Mill Phase Ii offers the following unit types: 27 One-Bedroom units, for a total of 27 units.
What are the income limits for affordable housing in Androscoggin County, ME?+
For a 4-person household in Androscoggin County, ME, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,600, Low Income (80% AMI): $56,950. These limits are set by HUD and updated annually.
How do I apply for housing at Farwell Mill Phase Ii?+
Farwell Mill Phase 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 Lisbon Falls, ME?+
Based on Fair Market Rent for Androscoggin County, the estimated price range is: 1-bedroom: $877. Actual rent at Farwell Mill Phase Ii may be lower for income-eligible households.
Who manages Farwell Mill Phase Ii?+
Farwell Mill Phase Ii is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Farwell Mill Phase Ii?+
Farwell Mill Phase Ii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Location
Androscoggin County, ME
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