About This Property
Waterford Acres Apts comprises 14 one-bedroom units in Waterford, ME, with 12 designated as low-income housing. The property has been in service since 1994 and receives 4% Low-Income Housing Tax Credit funding. The apartments are professionally managed to provide rental housing to income-eligible households in Oxford County.
Property Details
Fair Market Rent - Oxford 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 | $814 |
| 1 Bedroom | $820 |
| 2 Bedroom | $1,077 |
| 3 Bedroom | $1,321 |
| 4 Bedroom | $1,699 |
Income Limits - Oxford 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 Waterford, ME?+
The Fair Market Rent (FMR) for Oxford County, ME is: $814 (Studio), $820 (1BR), $1077 (2BR), $1321 (3BR), $1699 (4BR). Actual rent at subsidized properties like Waterford Acres Apts is typically 30% of household income or less.
What size apartments are available at Waterford Acres Apts?+
Waterford Acres Apts offers the following unit types: 14 One-Bedroom units, for a total of 14 units.
What are the income limits for affordable housing in Oxford County, ME?+
For a 4-person household in Oxford 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 Waterford, ME?+
Based on Fair Market Rent for Oxford County, the estimated price range is: 1-bedroom: $820. Actual rent at Waterford Acres Apts may be lower for income-eligible households.
How do I apply for housing at Waterford Acres Apts?+
Waterford Acres 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 Waterford Acres Apts?+
Waterford Acres Apts is managed by . You can reach them at . Visit their website for more information.
Walk Score
Almost All Errands Require a Car