About This Property
Franklin Light and Power contains 45 low-income rental units in Franklin, NH, serving families with a mix of 19 one-bedroom and 26 two-bedroom apartments. The property has been in service since 2017 and receives funding through the HOME program and 9% Low-Income Housing Tax Credits. A non-profit organization owns and operates this housing development.
Property Details
Fair Market Rent - Merrimack 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 | $972 |
| 1 Bedroom | $1,086 |
| 2 Bedroom | $1,427 |
| 3 Bedroom | $1,877 |
| 4 Bedroom | $1,900 |
Income Limits - Merrimack County, NH
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $19,700
- Very Low (50%)
- $32,800
- Low (80%)
- $52,450
- Extremely Low (30%)
- $22,500
- Very Low (50%)
- $37,450
- Low (80%)
- $59,950
- Extremely Low (30%)
- $25,300
- Very Low (50%)
- $42,150
- Low (80%)
- $67,450
- Extremely Low (30%)
- $28,100
- Very Low (50%)
- $46,800
- Low (80%)
- $74,900
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $50,550
- Low (80%)
- $80,900
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $54,300
- Low (80%)
- $86,900
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $58,050
- Low (80%)
- $92,900
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $61,800
- Low (80%)
- $98,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $19,700 | $32,800 | $52,450 |
| 2 Persons | $22,500 | $37,450 | $59,950 |
| 3 Persons | $25,300 | $42,150 | $67,450 |
| 4 Persons | $28,100 | $46,800 | $74,900 |
| 5 Persons | $31,040 | $50,550 | $80,900 |
| 6 Persons | $35,580 | $54,300 | $86,900 |
| 7 Persons | $40,120 | $58,050 | $92,900 |
| 8 Persons | $44,660 | $61,800 | $98,900 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Franklin, NH?+
The Fair Market Rent (FMR) for Merrimack County, NH is: $972 (Studio), $1086 (1BR), $1427 (2BR), $1877 (3BR), $1900 (4BR). Actual rent at subsidized properties like Franklin Light and Power is typically 30% of household income or less.
What size apartments are available at Franklin Light and Power?+
Franklin Light and Power offers the following unit types: 19 One-Bedroom, 26 Two-Bedroom units, for a total of 45 units.
How do I apply for housing at Franklin Light and Power?+
Franklin Light and Power 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.
Who manages Franklin Light and Power?+
Franklin Light and Power is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Franklin Light and Power?+
Franklin Light and Power primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Merrimack County, NH?+
For a 4-person household in Merrimack County, NH, the income limits are: Extremely Low Income (30% AMI): $28,100, Very Low Income (50% AMI): $46,800, Low Income (80% AMI): $74,900. These limits are set by HUD and updated annually.
What is the price range for apartments in Franklin, NH?+
Based on Fair Market Rent for Merrimack County, the estimated price range is: 1-bedroom: $1086, 2-bedroom: $1427. Actual rent at Franklin Light and Power may be lower for income-eligible households.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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