About This Property
Grand Isle Estates comprises 16 low-income residential units in Grand Isle, Maine, consisting of eight one-bedroom and eight two-bedroom apartments. The property was placed in service in 1992 and operates under 4% Low-Income Housing Tax Credit financing. This Aroostook County development provides affordable housing options for eligible residents.
Property Details
Fair Market Rent - Aroostook 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 | $664 |
| 1 Bedroom | $758 |
| 2 Bedroom | $948 |
| 3 Bedroom | $1,292 |
| 4 Bedroom | $1,374 |
Income Limits - Aroostook County, ME
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,450
- Very Low (50%)
- $22,400
- Low (80%)
- $35,850
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $25,600
- Low (80%)
- $41,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $28,800
- Low (80%)
- $46,100
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $32,000
- Low (80%)
- $51,200
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $34,600
- Low (80%)
- $55,300
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $37,150
- Low (80%)
- $59,400
- Extremely Low (30%)
- $39,700
- Very Low (50%)
- $39,700
- Low (80%)
- $63,500
- Extremely Low (30%)
- $42,250
- Very Low (50%)
- $42,250
- Low (80%)
- $67,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,450 | $22,400 | $35,850 |
| 2 Persons | $17,420 | $25,600 | $41,000 |
| 3 Persons | $21,960 | $28,800 | $46,100 |
| 4 Persons | $26,500 | $32,000 | $51,200 |
| 5 Persons | $31,040 | $34,600 | $55,300 |
| 6 Persons | $35,580 | $37,150 | $59,400 |
| 7 Persons | $39,700 | $39,700 | $63,500 |
| 8 Persons | $42,250 | $42,250 | $67,600 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Grand Isle, ME?+
The Fair Market Rent (FMR) for Aroostook County, ME is: $664 (Studio), $758 (1BR), $948 (2BR), $1292 (3BR), $1374 (4BR). Actual rent at subsidized properties like Grand Isle Estates is typically 30% of household income or less.
What size apartments are available at Grand Isle Estates?+
Grand Isle Estates offers the following unit types: 8 One-Bedroom, 8 Two-Bedroom units, for a total of 16 units.
Who manages Grand Isle Estates?+
Grand Isle Estates is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Aroostook County, ME?+
For a 4-person household in Aroostook County, ME, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $32,000, Low Income (80% AMI): $51,200. These limits are set by HUD and updated annually.
What is the price range for apartments in Grand Isle, ME?+
Based on Fair Market Rent for Aroostook County, the estimated price range is: 1-bedroom: $758, 2-bedroom: $948. Actual rent at Grand Isle Estates may be lower for income-eligible households.
How do I apply for housing at Grand Isle Estates?+
Grand Isle Estates 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.
Contact Information
Location
Aroostook County, ME
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