About This Property
Franklin Commons contains 96 units in Franklin, MA, with 63 units designated as low-income housing. The property, which opened in 2003, includes 24 one-bedroom, 36 two-bedroom, and 36 three-bedroom units and serves elderly residents. Funding sources include HOME program assistance and 9% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Norfolk 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 | $1,393 |
| 1 Bedroom | $1,488 |
| 2 Bedroom | $1,955 |
| 3 Bedroom | $2,479 |
| 4 Bedroom | $2,778 |
Income Limits - Norfolk County, MA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $21,000
- Very Low (50%)
- $35,000
- Low (80%)
- $55,950
- Extremely Low (30%)
- $24,000
- Very Low (50%)
- $40,000
- Low (80%)
- $63,950
- Extremely Low (30%)
- $27,000
- Very Low (50%)
- $45,000
- Low (80%)
- $71,950
- Extremely Low (30%)
- $29,950
- Very Low (50%)
- $49,950
- Low (80%)
- $79,900
- Extremely Low (30%)
- $32,350
- Very Low (50%)
- $53,950
- Low (80%)
- $86,300
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $57,950
- Low (80%)
- $92,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $61,950
- Low (80%)
- $99,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $65,950
- Low (80%)
- $105,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $21,000 | $35,000 | $55,950 |
| 2 Persons | $24,000 | $40,000 | $63,950 |
| 3 Persons | $27,000 | $45,000 | $71,950 |
| 4 Persons | $29,950 | $49,950 | $79,900 |
| 5 Persons | $32,350 | $53,950 | $86,300 |
| 6 Persons | $35,580 | $57,950 | $92,700 |
| 7 Persons | $40,120 | $61,950 | $99,100 |
| 8 Persons | $44,660 | $65,950 | $105,500 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Franklin, MA?+
The Fair Market Rent (FMR) for Norfolk County, MA is: $1393 (Studio), $1488 (1BR), $1955 (2BR), $2479 (3BR), $2778 (4BR). Actual rent at subsidized properties like Franklin Commons is typically 30% of household income or less.
What size apartments are available at Franklin Commons?+
Franklin Commons offers the following unit types: 24 One-Bedroom, 36 Two-Bedroom, 36 Three-Bedroom units, for a total of 96 units.
How do I apply for housing at Franklin Commons?+
Franklin Commons 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 Franklin, MA?+
Based on Fair Market Rent for Norfolk County, the estimated price range is: 1-bedroom: $1488, 2-bedroom: $1955, 3-bedroom: $2479. Actual rent at Franklin Commons may be lower for income-eligible households.
Who is eligible to live at Franklin Commons?+
Franklin Commons primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Franklin Commons?+
Franklin Commons is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Norfolk County, MA?+
For a 4-person household in Norfolk County, MA, the income limits are: Extremely Low Income (30% AMI): $29,950, Very Low Income (50% AMI): $49,950, Low Income (80% AMI): $79,900. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Car-Dependent
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