About This Property
Frankfort Place contains 20 one-bedroom units designed to serve elderly residents in Frankfort, Ohio. The property has been in service since 2004 and is owned and operated by a non-profit organization. Funding for the development includes HOME program assistance.
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Ross 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 | $667 |
| 1 Bedroom | $768 |
| 2 Bedroom | $934 |
| 3 Bedroom | $1,155 |
| 4 Bedroom | $1,244 |
Income Limits - Ross County, OH
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,950
- Very Low (50%)
- $23,250
- Low (80%)
- $37,150
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,550
- Low (80%)
- $42,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $29,850
- Low (80%)
- $47,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,150
- Low (80%)
- $53,050
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $35,850
- Low (80%)
- $57,300
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $38,500
- Low (80%)
- $61,550
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,150
- Low (80%)
- $65,800
- Extremely Low (30%)
- $43,800
- Very Low (50%)
- $43,800
- Low (80%)
- $70,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,950 | $23,250 | $37,150 |
| 2 Persons | $17,420 | $26,550 | $42,450 |
| 3 Persons | $21,960 | $29,850 | $47,750 |
| 4 Persons | $26,500 | $33,150 | $53,050 |
| 5 Persons | $31,040 | $35,850 | $57,300 |
| 6 Persons | $35,580 | $38,500 | $61,550 |
| 7 Persons | $40,120 | $41,150 | $65,800 |
| 8 Persons | $43,800 | $43,800 | $70,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Frankfort, OH?+
The Fair Market Rent (FMR) for Ross County, OH is: $667 (Studio), $768 (1BR), $934 (2BR), $1155 (3BR), $1244 (4BR). Actual rent at subsidized properties like Frankfort Place is typically 30% of household income or less.
What size apartments are available at Frankfort Place?+
Frankfort Place offers the following unit types: 20 One-Bedroom units, for a total of 20 units.
What are the income limits for affordable housing in Ross County, OH?+
For a 4-person household in Ross County, OH, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,150, Low Income (80% AMI): $53,050. These limits are set by HUD and updated annually.
What is the HUD inspection score for Frankfort Place?+
Frankfort Place has a HUD inspection score of 96 out of 100, which is considered excellent. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
Who manages Frankfort Place?+
Frankfort Place is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Frankfort, OH?+
Based on Fair Market Rent for Ross County, the estimated price range is: 1-bedroom: $768. Actual rent at Frankfort Place may be lower for income-eligible households.
How do I apply for housing at Frankfort Place?+
Frankfort 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 Frankfort Place?+
Frankfort Place primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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