About This Property
Cranberry Peak Apts is a 14-unit apartment community in Eustis, ME that serves low-income households. The property includes eight 1-bedroom units and six 2-bedroom units and has been in service since 1991. The development is financed through 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Franklin 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 | $723 |
| 1 Bedroom | $812 |
| 2 Bedroom | $1,067 |
| 3 Bedroom | $1,416 |
| 4 Bedroom | $1,421 |
Income Limits - Franklin 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 Eustis, ME?+
The Fair Market Rent (FMR) for Franklin County, ME is: $723 (Studio), $812 (1BR), $1067 (2BR), $1416 (3BR), $1421 (4BR). Actual rent at subsidized properties like Cranberry Peak Apts is typically 30% of household income or less.
What size apartments are available at Cranberry Peak Apts?+
Cranberry Peak Apts offers the following unit types: 8 One-Bedroom, 6 Two-Bedroom units, for a total of 14 units.
What are the income limits for affordable housing in Franklin County, ME?+
For a 4-person household in Franklin 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.
Who manages Cranberry Peak Apts?+
Cranberry Peak Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Cranberry Peak Apts?+
Cranberry Peak Apts 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 Eustis, ME?+
Based on Fair Market Rent for Franklin County, the estimated price range is: 1-bedroom: $812, 2-bedroom: $1067. Actual rent at Cranberry Peak Apts may be lower for income-eligible households.