About This Property
Cascades is a 26-unit affordable housing community in Oakland, Maine that serves families with low incomes. The property includes two one-bedroom units, fifteen two-bedroom units, and nine three-bedroom units. Placed in service in 2007 and operated by a non-profit owner, the community was financed through tax-exempt bonds and utilizes 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Kennebec 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 | $857 |
| 1 Bedroom | $860 |
| 2 Bedroom | $1,104 |
| 3 Bedroom | $1,374 |
| 4 Bedroom | $1,622 |
Income Limits - Kennebec County, ME
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,050
- Very Low (50%)
- $25,100
- Low (80%)
- $40,150
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,700
- Low (80%)
- $45,900
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,300
- Low (80%)
- $51,650
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,850
- Low (80%)
- $57,350
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,750
- Low (80%)
- $61,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,600
- Low (80%)
- $66,550
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,500
- Low (80%)
- $71,150
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,350
- Low (80%)
- $75,750
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,050 | $25,100 | $40,150 |
| 2 Persons | $17,420 | $28,700 | $45,900 |
| 3 Persons | $21,960 | $32,300 | $51,650 |
| 4 Persons | $26,500 | $35,850 | $57,350 |
| 5 Persons | $31,040 | $38,750 | $61,950 |
| 6 Persons | $35,580 | $41,600 | $66,550 |
| 7 Persons | $40,120 | $44,500 | $71,150 |
| 8 Persons | $44,660 | $47,350 | $75,750 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Oakland, ME?+
The Fair Market Rent (FMR) for Kennebec County, ME is: $857 (Studio), $860 (1BR), $1104 (2BR), $1374 (3BR), $1622 (4BR). Actual rent at subsidized properties like Cascades is typically 30% of household income or less.
What size apartments are available at Cascades?+
Cascades offers the following unit types: 2 One-Bedroom, 15 Two-Bedroom, 9 Three-Bedroom units, for a total of 26 units.
What is the price range for apartments in Oakland, ME?+
Based on Fair Market Rent for Kennebec County, the estimated price range is: 1-bedroom: $860, 2-bedroom: $1104, 3-bedroom: $1374. Actual rent at Cascades may be lower for income-eligible households.
What are the income limits for affordable housing in Kennebec County, ME?+
For a 4-person household in Kennebec County, ME, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,850, Low Income (80% AMI): $57,350. These limits are set by HUD and updated annually.
Who is eligible to live at Cascades?+
Cascades primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Cascades?+
Cascades 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 Cascades?+
Cascades is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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