About This Property
Pennywise Path is a 60-unit affordable housing community in Edgartown, MA that has served families since 2007. The property includes 45 low-income units with a mix of one-, two-, and three-bedroom floor plans, comprising 8 one-bedroom, 33 two-bedroom, and 19 three-bedroom units. Pennywise Path is non-profit owned and financed through HOME funds, tax-exempt bonds, and FHA support.
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Dukes 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 | $1,690 |
| 1 Bedroom | $1,886 |
| 2 Bedroom | $2,156 |
| 3 Bedroom | $2,911 |
| 4 Bedroom | $2,922 |
Income Limits - Dukes County, MA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $23,100
- Very Low (50%)
- $38,500
- Low (80%)
- $59,200
- Extremely Low (30%)
- $26,400
- Very Low (50%)
- $44,000
- Low (80%)
- $67,650
- Extremely Low (30%)
- $29,700
- Very Low (50%)
- $49,500
- Low (80%)
- $76,100
- Extremely Low (30%)
- $33,000
- Very Low (50%)
- $55,000
- Low (80%)
- $84,550
- Extremely Low (30%)
- $35,650
- Very Low (50%)
- $59,400
- Low (80%)
- $91,350
- Extremely Low (30%)
- $38,300
- Very Low (50%)
- $63,800
- Low (80%)
- $98,100
- Extremely Low (30%)
- $40,950
- Very Low (50%)
- $68,200
- Low (80%)
- $104,850
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $72,600
- Low (80%)
- $111,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $23,100 | $38,500 | $59,200 |
| 2 Persons | $26,400 | $44,000 | $67,650 |
| 3 Persons | $29,700 | $49,500 | $76,100 |
| 4 Persons | $33,000 | $55,000 | $84,550 |
| 5 Persons | $35,650 | $59,400 | $91,350 |
| 6 Persons | $38,300 | $63,800 | $98,100 |
| 7 Persons | $40,950 | $68,200 | $104,850 |
| 8 Persons | $44,660 | $72,600 | $111,650 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Edgartown, MA?+
The Fair Market Rent (FMR) for Dukes County, MA is: $1690 (Studio), $1886 (1BR), $2156 (2BR), $2911 (3BR), $2922 (4BR). Actual rent at subsidized properties like Pennywise Path is typically 30% of household income or less.
What size apartments are available at Pennywise Path?+
Pennywise Path offers the following unit types: 8 One-Bedroom, 33 Two-Bedroom, 19 Three-Bedroom units, for a total of 60 units.
What is the HUD inspection score for Pennywise Path?+
Pennywise Path has a HUD inspection score of 80 out of 100, which is considered good. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
How do I apply for housing at Pennywise Path?+
Pennywise Path 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 are the income limits for affordable housing in Dukes County, MA?+
For a 4-person household in Dukes County, MA, the income limits are: Extremely Low Income (30% AMI): $33,000, Very Low Income (50% AMI): $55,000, Low Income (80% AMI): $84,550. These limits are set by HUD and updated annually.
What is the price range for apartments in Edgartown, MA?+
Based on Fair Market Rent for Dukes County, the estimated price range is: 1-bedroom: $1886, 2-bedroom: $2156, 3-bedroom: $2911. Actual rent at Pennywise Path may be lower for income-eligible households.
Who is eligible to live at Pennywise Path?+
Pennywise Path primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Pennywise Path?+
Pennywise Path is managed by . You can reach them at . Visit their website for more information.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.