About This Property
Lakeview Senior Housing provides 24 low-income units in Lincoln, Maine, serving elderly residents. The property includes 21 one-bedroom and 3 two-bedroom apartments and has been in service since 2010. The development holds 9% Low-Income Housing Tax Credits and is managed for long-term affordability.
Property Details
Fair Market Rent - Penobscot 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 | $740 |
| 1 Bedroom | $794 |
| 2 Bedroom | $1,043 |
| 3 Bedroom | $1,298 |
| 4 Bedroom | $1,457 |
Income Limits - Penobscot 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 Lincoln, ME?+
The Fair Market Rent (FMR) for Penobscot County, ME is: $740 (Studio), $794 (1BR), $1043 (2BR), $1298 (3BR), $1457 (4BR). Actual rent at subsidized properties like Lakeview Senior Housing is typically 30% of household income or less.
What size apartments are available at Lakeview Senior Housing?+
Lakeview Senior Housing offers the following unit types: 21 One-Bedroom, 3 Two-Bedroom units, for a total of 24 units.
Who is eligible to live at Lakeview Senior Housing?+
Lakeview Senior Housing primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Lakeview Senior Housing?+
Lakeview Senior Housing is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Lakeview Senior Housing?+
Lakeview Senior Housing 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 Penobscot County, ME?+
For a 4-person household in Penobscot 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 Lincoln, ME?+
Based on Fair Market Rent for Penobscot County, the estimated price range is: 1-bedroom: $794, 2-bedroom: $1043. Actual rent at Lakeview Senior Housing may be lower for income-eligible households.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.