About This Property
Stearns Assisted Living comprises 20 one-bedroom units reserved for low-income elderly residents in Millinocket, Maine. The property has been in service since 2001 and utilizes 9% Low-Income Housing Tax Credits to support affordability. Professional management ensures the facility meets the needs of its senior occupants.
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 Millinocket, 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 Stearns Assisted Living is typically 30% of household income or less.
What size apartments are available at Stearns Assisted Living?+
Stearns Assisted Living offers the following unit types: 20 One-Bedroom units, for a total of 20 units.
Who is eligible to live at Stearns Assisted Living?+
Stearns Assisted Living primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Millinocket, ME?+
Based on Fair Market Rent for Penobscot County, the estimated price range is: 1-bedroom: $794. Actual rent at Stearns Assisted Living may be lower for income-eligible households.
How do I apply for housing at Stearns Assisted Living?+
Stearns Assisted Living 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 Stearns Assisted Living?+
Stearns Assisted Living is managed by . You can reach them at . Visit their website for more information.
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.
Contact Information
Walk Score
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Nearby Schools
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