About This Property
Mc Smith Sherwood Apts is a 25-unit affordable housing community in Farmington, ME that has been in service since 1993. The property offers a mix of floor plans including seven 1-bedroom, three 2-bedroom, nine 3-bedroom, and six 4-bedroom units designed to serve families and elderly residents. All 25 units are designated as low-income housing.
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 Farmington, 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 Mc Smith Sherwood Apts is typically 30% of household income or less.
What size apartments are available at Mc Smith Sherwood Apts?+
Mc Smith Sherwood Apts offers the following unit types: 7 One-Bedroom, 3 Two-Bedroom, 9 Three-Bedroom, 6 Four-Bedroom units, for a total of 25 units.
Who manages Mc Smith Sherwood Apts?+
Mc Smith Sherwood Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Mc Smith Sherwood Apts?+
Mc Smith Sherwood 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 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.
What is the price range for apartments in Farmington, ME?+
Based on Fair Market Rent for Franklin County, the estimated price range is: 1-bedroom: $812, 2-bedroom: $1067, 3-bedroom: $1416. Actual rent at Mc Smith Sherwood Apts may be lower for income-eligible households.
Who is eligible to live at Mc Smith Sherwood Apts?+
Mc Smith Sherwood Apts primarily serves families, elderly residents, UNSPECIFIED. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.