About This Property
Spencer Square offers 20 low-income residential units in Lebanon, NH, with a mix of one-, two-, and three-bedroom apartments. The property has been in service since 2000 and is owned and managed by a non-profit organization. The unit composition includes four one-bedroom, twelve two-bedroom, and four three-bedroom homes.
Property Details
Fair Market Rent - Grafton County, NH
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $891 |
| 1 Bedroom | $1,001 |
| 2 Bedroom | $1,315 |
| 3 Bedroom | $1,708 |
| 4 Bedroom | $1,940 |
Income Limits - Grafton County, NH
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,500
- Very Low (50%)
- $30,800
- Low (80%)
- $49,300
- Extremely Low (30%)
- $21,150
- Very Low (50%)
- $35,200
- Low (80%)
- $56,350
- Extremely Low (30%)
- $23,800
- Very Low (50%)
- $39,600
- Low (80%)
- $63,400
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $44,000
- Low (80%)
- $70,400
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $47,550
- Low (80%)
- $76,050
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $51,050
- Low (80%)
- $81,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $54,600
- Low (80%)
- $87,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $58,100
- Low (80%)
- $92,950
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,500 | $30,800 | $49,300 |
| 2 Persons | $21,150 | $35,200 | $56,350 |
| 3 Persons | $23,800 | $39,600 | $63,400 |
| 4 Persons | $26,500 | $44,000 | $70,400 |
| 5 Persons | $31,040 | $47,550 | $76,050 |
| 6 Persons | $35,580 | $51,050 | $81,700 |
| 7 Persons | $40,120 | $54,600 | $87,300 |
| 8 Persons | $44,660 | $58,100 | $92,950 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lebanon, NH?+
The Fair Market Rent (FMR) for Grafton County, NH is: $891 (Studio), $1001 (1BR), $1315 (2BR), $1708 (3BR), $1940 (4BR). Actual rent at subsidized properties like Spencer Square is typically 30% of household income or less.
What size apartments are available at Spencer Square?+
Spencer Square offers the following unit types: 4 One-Bedroom, 12 Two-Bedroom, 4 Three-Bedroom units, for a total of 20 units.
How do I apply for housing at Spencer Square?+
Spencer Square 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 Lebanon, NH?+
Based on Fair Market Rent for Grafton County, the estimated price range is: 1-bedroom: $1001, 2-bedroom: $1315, 3-bedroom: $1708. Actual rent at Spencer Square may be lower for income-eligible households.
What are the income limits for affordable housing in Grafton County, NH?+
For a 4-person household in Grafton County, NH, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $44,000, Low Income (80% AMI): $70,400. These limits are set by HUD and updated annually.
Who manages Spencer Square?+
Spencer Square is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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