About This Property
Narraguagus Estates IV offers 16 affordable rental units in Cherryfield, Maine, consisting of twelve one-bedroom and four two-bedroom apartments. The property has been in service since 1991 and operates with 4% Low-Income Housing Tax Credit financing to serve low-income households. This Washington County community provides housing options for residents meeting income eligibility requirements.
Property Details
Fair Market Rent - Washington 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 | $669 |
| 1 Bedroom | $751 |
| 2 Bedroom | $987 |
| 3 Bedroom | $1,371 |
| 4 Bedroom | $1,453 |
Income Limits - Washington 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 Cherryfield, ME?+
The Fair Market Rent (FMR) for Washington County, ME is: $669 (Studio), $751 (1BR), $987 (2BR), $1371 (3BR), $1453 (4BR). Actual rent at subsidized properties like Narraguagus Estates Iv is typically 30% of household income or less.
What size apartments are available at Narraguagus Estates Iv?+
Narraguagus Estates Iv offers the following unit types: 12 One-Bedroom, 4 Two-Bedroom units, for a total of 16 units.
Who manages Narraguagus Estates Iv?+
Narraguagus Estates Iv is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Washington County, ME?+
For a 4-person household in Washington 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 Narraguagus Estates Iv?+
Narraguagus Estates Iv 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 Cherryfield, ME?+
Based on Fair Market Rent for Washington County, the estimated price range is: 1-bedroom: $751, 2-bedroom: $987. Actual rent at Narraguagus Estates Iv may be lower for income-eligible households.