About This Property
Sterns offers 32 one-bedroom units designated for low-income residents in Millinocket, Maine. The property has been in service since 2001 and is funded through tax-exempt bonds. All 32 units serve the affordable housing market in Penobscot County.
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 Sterns is typically 30% of household income or less.
What size apartments are available at Sterns?+
Sterns offers the following unit types: 32 One-Bedroom units, for a total of 32 units.
Who manages Sterns?+
Sterns is managed by . You can reach them at . Visit their website for more information.
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 Sterns may be lower for income-eligible households.
How do I apply for housing at Sterns?+
Sterns 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.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.