About This Property
Waterford Place offers 60 low-income units in Canal Winchester, with a mix of 24 one-bedroom and 36 two-bedroom apartments serving elderly residents. The property has been in service since 2009 and receives funding through the HOME program. Prospective residents should contact the property management for information about availability and application procedures.
Property Details
Fair Market Rent - Franklin County, OH
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $970 |
| 1 Bedroom | $1,065 |
| 2 Bedroom | $1,302 |
| 3 Bedroom | $1,574 |
| 4 Bedroom | $1,745 |
Income Limits - Franklin County, OH
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,650
- Very Low (50%)
- $29,350
- Low (80%)
- $46,950
- Extremely Low (30%)
- $20,150
- Very Low (50%)
- $33,550
- Low (80%)
- $53,650
- Extremely Low (30%)
- $22,650
- Very Low (50%)
- $37,750
- Low (80%)
- $60,350
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $41,900
- Low (80%)
- $67,050
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $45,300
- Low (80%)
- $72,450
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $48,650
- Low (80%)
- $77,800
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $52,000
- Low (80%)
- $83,150
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $55,350
- Low (80%)
- $88,550
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,650 | $29,350 | $46,950 |
| 2 Persons | $20,150 | $33,550 | $53,650 |
| 3 Persons | $22,650 | $37,750 | $60,350 |
| 4 Persons | $26,500 | $41,900 | $67,050 |
| 5 Persons | $31,040 | $45,300 | $72,450 |
| 6 Persons | $35,580 | $48,650 | $77,800 |
| 7 Persons | $40,120 | $52,000 | $83,150 |
| 8 Persons | $44,660 | $55,350 | $88,550 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Canal Winchester, OH?+
The Fair Market Rent (FMR) for Franklin County, OH is: $970 (Studio), $1065 (1BR), $1302 (2BR), $1574 (3BR), $1745 (4BR). Actual rent at subsidized properties like Waterford Place is typically 30% of household income or less.
What size apartments are available at Waterford Place?+
Waterford Place offers the following unit types: 24 One-Bedroom, 36 Two-Bedroom units, for a total of 60 units.
Who manages Waterford Place?+
Waterford Place is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Waterford Place?+
Waterford Place 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 is eligible to live at Waterford Place?+
Waterford Place primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Canal Winchester, OH?+
Based on Fair Market Rent for Franklin County, the estimated price range is: 1-bedroom: $1065, 2-bedroom: $1302. Actual rent at Waterford Place may be lower for income-eligible households.
What are the income limits for affordable housing in Franklin County, OH?+
For a 4-person household in Franklin County, OH, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $41,900, Low Income (80% AMI): $67,050. These limits are set by HUD and updated annually.
Contact Information
Location
Franklin County, OH
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