About This Property
Watermark Senior Apts offers 40 low-income units in Cuyahoga Falls designed to serve elderly residents. The property includes 24 one-bedroom and 16 two-bedroom apartments and has been in service since 2011. This property is funded through 9% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Summit 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 | $728 |
| 1 Bedroom | $816 |
| 2 Bedroom | $1,039 |
| 3 Bedroom | $1,301 |
| 4 Bedroom | $1,389 |
Income Limits - Summit County, OH
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,850
- Very Low (50%)
- $28,050
- Low (80%)
- $44,900
- Extremely Low (30%)
- $19,250
- Very Low (50%)
- $32,050
- Low (80%)
- $51,300
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $36,050
- Low (80%)
- $57,700
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $40,050
- Low (80%)
- $64,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $43,300
- Low (80%)
- $69,250
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $46,500
- Low (80%)
- $74,400
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $49,700
- Low (80%)
- $79,500
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $52,900
- Low (80%)
- $84,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,850 | $28,050 | $44,900 |
| 2 Persons | $19,250 | $32,050 | $51,300 |
| 3 Persons | $21,960 | $36,050 | $57,700 |
| 4 Persons | $26,500 | $40,050 | $64,100 |
| 5 Persons | $31,040 | $43,300 | $69,250 |
| 6 Persons | $35,580 | $46,500 | $74,400 |
| 7 Persons | $40,120 | $49,700 | $79,500 |
| 8 Persons | $44,660 | $52,900 | $84,650 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Cuyahoga Falls, OH?+
The Fair Market Rent (FMR) for Summit County, OH is: $728 (Studio), $816 (1BR), $1039 (2BR), $1301 (3BR), $1389 (4BR). Actual rent at subsidized properties like Watermark Senior Apts is typically 30% of household income or less.
What size apartments are available at Watermark Senior Apts?+
Watermark Senior Apts offers the following unit types: 24 One-Bedroom, 16 Two-Bedroom units, for a total of 40 units.
What are the income limits for affordable housing in Summit County, OH?+
For a 4-person household in Summit County, OH, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $40,050, Low Income (80% AMI): $64,100. These limits are set by HUD and updated annually.
What is the price range for apartments in Cuyahoga Falls, OH?+
Based on Fair Market Rent for Summit County, the estimated price range is: 1-bedroom: $816, 2-bedroom: $1039. Actual rent at Watermark Senior Apts may be lower for income-eligible households.
Who manages Watermark Senior Apts?+
Watermark Senior Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Watermark Senior Apts?+
Watermark Senior Apts 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 Watermark Senior Apts?+
Watermark Senior Apts 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
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Watermark Senior Apts
Pleasant Meadows Village
Cuyahoga Falls, OH
72 UnitsThe Commons At Madaline Park
Akron, OH
60 UnitsMildred
Akron, OH
1 UnitsInternational House At San Tomasso
Akron, OH
40 Units
Colonial Hills
Akron, OH
6 UnitsInternational House At San Tomasso
Akron, OH
40 Units