About This Property
Prescott is a 50-unit affordable housing community in Peterborough, NH that has served low-income residents since 2000. The property offers 25 two-bedroom and 25 three-bedroom units and receives funding through tax-exempt bonds and 4% Low-Income Housing Tax Credits. Residents have access to housing that meets their affordability needs in Hillsborough County.
Property Details
Fair Market Rent - Hillsborough 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 | $1,326 |
| 1 Bedroom | $1,489 |
| 2 Bedroom | $1,956 |
| 3 Bedroom | $2,528 |
| 4 Bedroom | $2,737 |
Income Limits - Hillsborough County, NH
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $23,050
- Very Low (50%)
- $38,400
- Low (80%)
- $55,950
- Extremely Low (30%)
- $26,350
- Very Low (50%)
- $43,850
- Low (80%)
- $63,950
- Extremely Low (30%)
- $29,650
- Very Low (50%)
- $49,350
- Low (80%)
- $71,950
- Extremely Low (30%)
- $32,900
- Very Low (50%)
- $54,800
- Low (80%)
- $79,900
- Extremely Low (30%)
- $35,550
- Very Low (50%)
- $59,200
- Low (80%)
- $86,300
- Extremely Low (30%)
- $38,200
- Very Low (50%)
- $63,600
- Low (80%)
- $92,700
- Extremely Low (30%)
- $40,800
- Very Low (50%)
- $68,000
- Low (80%)
- $99,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $72,350
- Low (80%)
- $105,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $23,050 | $38,400 | $55,950 |
| 2 Persons | $26,350 | $43,850 | $63,950 |
| 3 Persons | $29,650 | $49,350 | $71,950 |
| 4 Persons | $32,900 | $54,800 | $79,900 |
| 5 Persons | $35,550 | $59,200 | $86,300 |
| 6 Persons | $38,200 | $63,600 | $92,700 |
| 7 Persons | $40,800 | $68,000 | $99,100 |
| 8 Persons | $44,660 | $72,350 | $105,500 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Peterborough, NH?+
The Fair Market Rent (FMR) for Hillsborough County, NH is: $1326 (Studio), $1489 (1BR), $1956 (2BR), $2528 (3BR), $2737 (4BR). Actual rent at subsidized properties like Prescott is typically 30% of household income or less.
What size apartments are available at Prescott?+
Prescott offers the following unit types: 25 Two-Bedroom, 25 Three-Bedroom units, for a total of 50 units.
What are the income limits for affordable housing in Hillsborough County, NH?+
For a 4-person household in Hillsborough County, NH, the income limits are: Extremely Low Income (30% AMI): $32,900, Very Low Income (50% AMI): $54,800, Low Income (80% AMI): $79,900. These limits are set by HUD and updated annually.
Who manages Prescott?+
Prescott is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Peterborough, NH?+
Based on Fair Market Rent for Hillsborough County, the estimated price range is: 2-bedroom: $1956, 3-bedroom: $2528. Actual rent at Prescott may be lower for income-eligible households.
How do I apply for housing at Prescott?+
Prescott 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.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.