About This Property
Mod River - Mad River offers 16 low-income units in Farmington, NH, consisting of four 2-bedroom and twelve 3-bedroom apartments. The property was placed in service in 2002 and operates under a 9% Low-Income Housing Tax Credit program. This non-profit owned community serves the Strafford County area.
Property Details
Fair Market Rent - Strafford 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 | $1,481 |
| 1 Bedroom | $1,582 |
| 2 Bedroom | $2,003 |
| 3 Bedroom | $2,557 |
| 4 Bedroom | $2,999 |
Income Limits - Strafford County, NH
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $22,400
- Very Low (50%)
- $37,350
- Low (80%)
- $55,950
- Extremely Low (30%)
- $25,600
- Very Low (50%)
- $42,650
- Low (80%)
- $63,950
- Extremely Low (30%)
- $28,800
- Very Low (50%)
- $48,000
- Low (80%)
- $71,950
- Extremely Low (30%)
- $32,000
- Very Low (50%)
- $53,300
- Low (80%)
- $79,900
- Extremely Low (30%)
- $34,600
- Very Low (50%)
- $57,600
- Low (80%)
- $86,300
- Extremely Low (30%)
- $37,150
- Very Low (50%)
- $61,850
- Low (80%)
- $92,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $66,100
- Low (80%)
- $99,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $70,400
- Low (80%)
- $105,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $22,400 | $37,350 | $55,950 |
| 2 Persons | $25,600 | $42,650 | $63,950 |
| 3 Persons | $28,800 | $48,000 | $71,950 |
| 4 Persons | $32,000 | $53,300 | $79,900 |
| 5 Persons | $34,600 | $57,600 | $86,300 |
| 6 Persons | $37,150 | $61,850 | $92,700 |
| 7 Persons | $40,120 | $66,100 | $99,100 |
| 8 Persons | $44,660 | $70,400 | $105,500 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Farmington, NH?+
The Fair Market Rent (FMR) for Strafford County, NH is: $1481 (Studio), $1582 (1BR), $2003 (2BR), $2557 (3BR), $2999 (4BR). Actual rent at subsidized properties like Mod River - Mad River is typically 30% of household income or less.
What size apartments are available at Mod River - Mad River?+
Mod River - Mad River offers the following unit types: 4 Two-Bedroom, 12 Three-Bedroom units, for a total of 16 units.
How do I apply for housing at Mod River - Mad River?+
Mod River - Mad River 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 are the income limits for affordable housing in Strafford County, NH?+
For a 4-person household in Strafford County, NH, the income limits are: Extremely Low Income (30% AMI): $32,000, Very Low Income (50% AMI): $53,300, Low Income (80% AMI): $79,900. These limits are set by HUD and updated annually.
Who manages Mod River - Mad River?+
Mod River - Mad River is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Farmington, NH?+
Based on Fair Market Rent for Strafford County, the estimated price range is: 2-bedroom: $2003, 3-bedroom: $2557. Actual rent at Mod River - Mad River 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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