About This Property
Cherry Hill Village North contains 29 one-bedroom units in Polson, MT, with 28 designated as low-income housing. The property has served elderly residents since 1990 and utilizes 4% Low-Income Housing Tax Credit financing. The complex is managed as an affordable housing community for seniors in Lake County.
Property Details
Fair Market Rent - Lake County, MT
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $633 |
| 1 Bedroom | $743 |
| 2 Bedroom | $934 |
| 3 Bedroom | $1,175 |
| 4 Bedroom | $1,244 |
Income Limits - Lake County, MT
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,950
- Very Low (50%)
- $24,850
- Low (80%)
- $39,800
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,400
- Low (80%)
- $45,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,950
- Low (80%)
- $51,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,500
- Low (80%)
- $56,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,350
- Low (80%)
- $61,350
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,200
- Low (80%)
- $65,900
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,050
- Low (80%)
- $70,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $46,900
- Low (80%)
- $75,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,950 | $24,850 | $39,800 |
| 2 Persons | $17,420 | $28,400 | $45,450 |
| 3 Persons | $21,960 | $31,950 | $51,150 |
| 4 Persons | $26,500 | $35,500 | $56,800 |
| 5 Persons | $31,040 | $38,350 | $61,350 |
| 6 Persons | $35,580 | $41,200 | $65,900 |
| 7 Persons | $40,120 | $44,050 | $70,450 |
| 8 Persons | $44,660 | $46,900 | $75,000 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Polson, MT?+
The Fair Market Rent (FMR) for Lake County, MT is: $633 (Studio), $743 (1BR), $934 (2BR), $1175 (3BR), $1244 (4BR). Actual rent at subsidized properties like Cherry Hill Village North is typically 30% of household income or less.
What size apartments are available at Cherry Hill Village North?+
Cherry Hill Village North offers the following unit types: 29 One-Bedroom units, for a total of 29 units.
Who manages Cherry Hill Village North?+
Cherry Hill Village North is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Lake County, MT?+
For a 4-person household in Lake County, MT, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,500, Low Income (80% AMI): $56,800. These limits are set by HUD and updated annually.
Who is eligible to live at Cherry Hill Village North?+
Cherry Hill Village North primarily serves elderly residents, Handicapped. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Cherry Hill Village North?+
Cherry Hill Village North 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 Polson, MT?+
Based on Fair Market Rent for Lake County, the estimated price range is: 1-bedroom: $743. Actual rent at Cherry Hill Village North 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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