About This Property
Monson Elderly Apts comprises 24 low-income units serving elderly residents in Monson, Maine. The property includes 19 one-bedroom and 5 two-bedroom apartments and has been in service since 1991. The development uses 4% Low-Income Housing Tax Credits to maintain affordability.
Property Details
Fair Market Rent - Piscataquis 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 | $697 |
| 1 Bedroom | $782 |
| 2 Bedroom | $1,028 |
| 3 Bedroom | $1,271 |
| 4 Bedroom | $1,535 |
Income Limits - Piscataquis 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 Monson, ME?+
The Fair Market Rent (FMR) for Piscataquis County, ME is: $697 (Studio), $782 (1BR), $1028 (2BR), $1271 (3BR), $1535 (4BR). Actual rent at subsidized properties like Monson Elderly Apts is typically 30% of household income or less.
What size apartments are available at Monson Elderly Apts?+
Monson Elderly Apts offers the following unit types: 19 One-Bedroom, 5 Two-Bedroom units, for a total of 24 units.
Who is eligible to live at Monson Elderly Apts?+
Monson Elderly Apts 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 Monson, ME?+
Based on Fair Market Rent for Piscataquis County, the estimated price range is: 1-bedroom: $782, 2-bedroom: $1028. Actual rent at Monson Elderly Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Piscataquis County, ME?+
For a 4-person household in Piscataquis 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.
How do I apply for housing at Monson Elderly Apts?+
Monson Elderly 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 Monson Elderly Apts?+
Monson Elderly Apts is managed by . You can reach them at . Visit their website for more information.