About This Property
Island Apts contains 23 one-bedroom units designated for low-income households in Fairfield, Maine. The property was placed in service in 1989 and utilizes 4% Low-Income Housing Tax Credits. Professional management oversees day-to-day operations of this Somerset County multifamily asset.
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 Island Apts is typically 30% of household income or less.
What size apartments are available at Island Apts?+
Island Apts offers the following unit types: 23 One-Bedroom units, for a total of 23 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.
Who manages Island Apts?+
Island Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Island Apts?+
Island 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.
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. Actual rent at Island Apts may be lower for income-eligible households.