About This Property
Fernwold Apts consists of 34 low-income residential units in Wilton, ME, with a mix of 16 one-bedroom and 18 two-bedroom floor plans. The property has been in service since 1989 and currently receives 4% Low-Income Housing Tax Credit financing. For leasing inquiries and additional information, interested parties may contact the property management office.
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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Wilton, 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 Fernwold Apts is typically 30% of household income or less.
What size apartments are available at Fernwold Apts?+
Fernwold Apts offers the following unit types: 16 One-Bedroom, 18 Two-Bedroom units, for a total of 34 units.
What is the price range for apartments in Wilton, ME?+
Based on Fair Market Rent for Franklin County, the estimated price range is: 1-bedroom: $812, 2-bedroom: $1067. Actual rent at Fernwold Apts may be lower for income-eligible households.
How do I apply for housing at Fernwold Apts?+
Fernwold 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.
Who manages Fernwold Apts?+
Fernwold Apts is managed by . You can reach them at . Visit their website for more information.
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.