About This Property
Emerald Edge Apts contains 170 low-income rental units in Franklin, Ohio, comprising 64 one-bedroom, 88 two-bedroom, and 18 three-bedroom apartments. The property was placed in service in 1998 and utilizes 4% LIHTC credit financing along with tax-exempt bonds. The community provides housing options across multiple unit sizes for income-qualified residents.
Property Details
Fair Market Rent - Warren 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 | $810 |
| 1 Bedroom | $919 |
| 2 Bedroom | $1,195 |
| 3 Bedroom | $1,588 |
| 4 Bedroom | $1,766 |
Income Limits - Warren County, OH
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,950
- Very Low (50%)
- $29,900
- Low (80%)
- $47,850
- Extremely Low (30%)
- $20,500
- Very Low (50%)
- $34,200
- Low (80%)
- $54,650
- Extremely Low (30%)
- $23,050
- Very Low (50%)
- $38,450
- Low (80%)
- $61,500
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $42,700
- Low (80%)
- $68,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $46,150
- Low (80%)
- $73,800
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $49,550
- Low (80%)
- $79,250
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $52,950
- Low (80%)
- $84,700
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $56,400
- Low (80%)
- $90,200
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,950 | $29,900 | $47,850 |
| 2 Persons | $20,500 | $34,200 | $54,650 |
| 3 Persons | $23,050 | $38,450 | $61,500 |
| 4 Persons | $26,500 | $42,700 | $68,300 |
| 5 Persons | $31,040 | $46,150 | $73,800 |
| 6 Persons | $35,580 | $49,550 | $79,250 |
| 7 Persons | $40,120 | $52,950 | $84,700 |
| 8 Persons | $44,660 | $56,400 | $90,200 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Franklin, OH?+
The Fair Market Rent (FMR) for Warren County, OH is: $810 (Studio), $919 (1BR), $1195 (2BR), $1588 (3BR), $1766 (4BR). Actual rent at subsidized properties like Emerald Edge Apts is typically 30% of household income or less.
What size apartments are available at Emerald Edge Apts?+
Emerald Edge Apts offers the following unit types: 64 One-Bedroom, 88 Two-Bedroom, 18 Three-Bedroom units, for a total of 170 units.
What are the income limits for affordable housing in Warren County, OH?+
For a 4-person household in Warren County, OH, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $42,700, Low Income (80% AMI): $68,300. These limits are set by HUD and updated annually.
How do I apply for housing at Emerald Edge Apts?+
Emerald Edge 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.
What is the price range for apartments in Franklin, OH?+
Based on Fair Market Rent for Warren County, the estimated price range is: 1-bedroom: $919, 2-bedroom: $1195, 3-bedroom: $1588. Actual rent at Emerald Edge Apts may be lower for income-eligible households.
Who manages Emerald Edge Apts?+
Emerald Edge Apts is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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