About This Property
Gerald Senior Residences comprises 28 low-income units in Fairfield, Maine, serving elderly residents with a mix of six studios, twenty one-bedroom units, and two two-bedroom units. The property was placed in service in 2013 and receives 9% Low-Income Housing Tax Credit financing along with tax-exempt bonds. Management and leasing inquiries can be directed to the property contact.
Property Details
Fair Market Rent - Somerset 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 | $815 |
| 1 Bedroom | $846 |
| 2 Bedroom | $1,026 |
| 3 Bedroom | $1,269 |
| 4 Bedroom | $1,465 |
Income Limits - Somerset 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 Fairfield, ME?+
The Fair Market Rent (FMR) for Somerset County, ME is: $815 (Studio), $846 (1BR), $1026 (2BR), $1269 (3BR), $1465 (4BR). Actual rent at subsidized properties like Gerald Senior Residences is typically 30% of household income or less.
What size apartments are available at Gerald Senior Residences?+
Gerald Senior Residences offers the following unit types: 6 Studio, 20 One-Bedroom, 2 Two-Bedroom units, for a total of 28 units.
What are the income limits for affordable housing in Somerset County, ME?+
For a 4-person household in Somerset 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 Gerald Senior Residences?+
Gerald Senior Residences 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 is the price range for apartments in Fairfield, ME?+
Based on Fair Market Rent for Somerset County, the estimated price range is: 1-bedroom: $846, 2-bedroom: $1026. Actual rent at Gerald Senior Residences may be lower for income-eligible households.
Who is eligible to live at Gerald Senior Residences?+
Gerald Senior Residences primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Gerald Senior Residences?+
Gerald Senior Residences is managed by . You can reach them at . Visit their website for more information.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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