About This Property
Timber Lake offers 252 low-income residential units in Avon, OH, consisting of 126 two-bedroom and 126 three-bedroom apartments. The property was placed in service in 2001 and is funded through tax-exempt bonds with 4% LIHTC credit. Residents can contact the management office for lease inquiries and additional information.
Property Details
Fair Market Rent - Lorain 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 | $811 |
| 1 Bedroom | $913 |
| 2 Bedroom | $1,108 |
| 3 Bedroom | $1,434 |
| 4 Bedroom | $1,527 |
Income Limits - Lorain County, OH
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,550
- Very Low (50%)
- $27,550
- Low (80%)
- $44,050
- Extremely Low (30%)
- $18,900
- Very Low (50%)
- $31,450
- Low (80%)
- $50,350
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,400
- Low (80%)
- $56,650
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,300
- Low (80%)
- $62,900
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,450
- Low (80%)
- $67,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,600
- Low (80%)
- $73,000
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $48,750
- Low (80%)
- $78,000
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $51,900
- Low (80%)
- $83,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,550 | $27,550 | $44,050 |
| 2 Persons | $18,900 | $31,450 | $50,350 |
| 3 Persons | $21,960 | $35,400 | $56,650 |
| 4 Persons | $26,500 | $39,300 | $62,900 |
| 5 Persons | $31,040 | $42,450 | $67,950 |
| 6 Persons | $35,580 | $45,600 | $73,000 |
| 7 Persons | $40,120 | $48,750 | $78,000 |
| 8 Persons | $44,660 | $51,900 | $83,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Avon, OH?+
The Fair Market Rent (FMR) for Lorain County, OH is: $811 (Studio), $913 (1BR), $1108 (2BR), $1434 (3BR), $1527 (4BR). Actual rent at subsidized properties like Timber Lake is typically 30% of household income or less.
What size apartments are available at Timber Lake?+
Timber Lake offers the following unit types: 126 Two-Bedroom, 126 Three-Bedroom units, for a total of 252 units.
What is the price range for apartments in Avon, OH?+
Based on Fair Market Rent for Lorain County, the estimated price range is: 2-bedroom: $1108, 3-bedroom: $1434. Actual rent at Timber Lake may be lower for income-eligible households.
How do I apply for housing at Timber Lake?+
Timber Lake 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 Timber Lake?+
Timber Lake is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Lorain County, OH?+
For a 4-person household in Lorain County, OH, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,300, Low Income (80% AMI): $62,900. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Almost All Errands Require a Car
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