About This Property
Ledgewood Court offers 24 low-income rental units in Damariscotta, serving families with a mix of 14 two-bedroom and 10 three-bedroom apartments. The property has been in service since 2003 and is owned and operated by a non-profit organization. Financing for this development includes HOME funds and tax-exempt bonds through the 4% Low-Income Housing Tax Credit program.
Property Details
Fair Market Rent - Lincoln 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 | $942 |
| 1 Bedroom | $978 |
| 2 Bedroom | $1,183 |
| 3 Bedroom | $1,575 |
| 4 Bedroom | $1,654 |
Income Limits - Lincoln County, ME
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,150
- Very Low (50%)
- $25,200
- Low (80%)
- $40,350
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,800
- Low (80%)
- $46,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,400
- Low (80%)
- $51,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,000
- Low (80%)
- $57,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,900
- Low (80%)
- $62,250
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,800
- Low (80%)
- $66,850
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,650
- Low (80%)
- $71,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,550
- Low (80%)
- $76,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,150 | $25,200 | $40,350 |
| 2 Persons | $17,420 | $28,800 | $46,100 |
| 3 Persons | $21,960 | $32,400 | $51,850 |
| 4 Persons | $26,500 | $36,000 | $57,600 |
| 5 Persons | $31,040 | $38,900 | $62,250 |
| 6 Persons | $35,580 | $41,800 | $66,850 |
| 7 Persons | $40,120 | $44,650 | $71,450 |
| 8 Persons | $44,660 | $47,550 | $76,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Damariscotta, ME?+
The Fair Market Rent (FMR) for Lincoln County, ME is: $942 (Studio), $978 (1BR), $1183 (2BR), $1575 (3BR), $1654 (4BR). Actual rent at subsidized properties like Ledgewood Court is typically 30% of household income or less.
What size apartments are available at Ledgewood Court?+
Ledgewood Court offers the following unit types: 14 Two-Bedroom, 10 Three-Bedroom units, for a total of 24 units.
How do I apply for housing at Ledgewood Court?+
Ledgewood Court 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 is eligible to live at Ledgewood Court?+
Ledgewood Court primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Ledgewood Court?+
Ledgewood Court is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Lincoln County, ME?+
For a 4-person household in Lincoln County, ME, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,000, Low Income (80% AMI): $57,600. These limits are set by HUD and updated annually.
What is the price range for apartments in Damariscotta, ME?+
Based on Fair Market Rent for Lincoln County, the estimated price range is: 2-bedroom: $1183, 3-bedroom: $1575. Actual rent at Ledgewood Court may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.