About This Property
Somerset North Farm Lp contains 90 low-income residential units in Somerset, MA, with a mix of 72 one-bedroom and 18 two-bedroom apartments. The property was placed in service in 1999 and operates under 9% Low-Income Housing Tax Credit financing. This Bristol County development provides housing options for qualifying low-income households.
Property Details
Fair Market Rent - Bristol County, MA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,027 |
| 1 Bedroom | $1,205 |
| 2 Bedroom | $1,463 |
| 3 Bedroom | $1,769 |
| 4 Bedroom | $2,049 |
Income Limits - Bristol County, MA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,700
- Very Low (50%)
- $29,450
- Low (80%)
- $47,150
- Extremely Low (30%)
- $20,200
- Very Low (50%)
- $33,650
- Low (80%)
- $53,850
- Extremely Low (30%)
- $22,750
- Very Low (50%)
- $37,850
- Low (80%)
- $60,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $42,050
- Low (80%)
- $67,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $45,450
- Low (80%)
- $72,700
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $48,800
- Low (80%)
- $78,100
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $52,150
- Low (80%)
- $83,500
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $55,550
- Low (80%)
- $88,850
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,700 | $29,450 | $47,150 |
| 2 Persons | $20,200 | $33,650 | $53,850 |
| 3 Persons | $22,750 | $37,850 | $60,600 |
| 4 Persons | $26,500 | $42,050 | $67,300 |
| 5 Persons | $31,040 | $45,450 | $72,700 |
| 6 Persons | $35,580 | $48,800 | $78,100 |
| 7 Persons | $40,120 | $52,150 | $83,500 |
| 8 Persons | $44,660 | $55,550 | $88,850 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Somerset, MA?+
The Fair Market Rent (FMR) for Bristol County, MA is: $1027 (Studio), $1205 (1BR), $1463 (2BR), $1769 (3BR), $2049 (4BR). Actual rent at subsidized properties like Somerset North Farm Lp is typically 30% of household income or less.
What size apartments are available at Somerset North Farm Lp?+
Somerset North Farm Lp offers the following unit types: 72 One-Bedroom, 18 Two-Bedroom units, for a total of 90 units.
What are the income limits for affordable housing in Bristol County, MA?+
For a 4-person household in Bristol County, MA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $42,050, Low Income (80% AMI): $67,300. These limits are set by HUD and updated annually.
How do I apply for housing at Somerset North Farm Lp?+
Somerset North Farm Lp 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 Somerset North Farm Lp?+
Somerset North Farm Lp is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Somerset, MA?+
Based on Fair Market Rent for Bristol County, the estimated price range is: 1-bedroom: $1205, 2-bedroom: $1463. Actual rent at Somerset North Farm Lp may be lower for income-eligible households.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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