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 |
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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.
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.
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.