About This Property
Cowen Elderly is a 24-unit residential community in Cowen, WV that has served low-income elderly residents since 1994. The property contains 20 one-bedroom and 4 two-bedroom units financed through 4% Low-Income Housing Tax Credits. This Webster County community provides affordable housing options for seniors.
Property Details
Fair Market Rent - Webster County, WV
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $575 |
| 1 Bedroom | $645 |
| 2 Bedroom | $848 |
| 3 Bedroom | $1,180 |
| 4 Bedroom | $1,208 |
Income Limits - Webster County, WV
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,200
- Low (80%)
- $30,700
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $21,950
- Low (80%)
- $35,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,700
- Low (80%)
- $39,500
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,400
- Low (80%)
- $43,850
- Extremely Low (30%)
- $29,600
- Very Low (50%)
- $29,600
- Low (80%)
- $47,400
- Extremely Low (30%)
- $31,800
- Very Low (50%)
- $31,800
- Low (80%)
- $50,900
- Extremely Low (30%)
- $34,000
- Very Low (50%)
- $34,000
- Low (80%)
- $54,400
- Extremely Low (30%)
- $36,200
- Very Low (50%)
- $36,200
- Low (80%)
- $57,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,200 | $30,700 |
| 2 Persons | $17,420 | $21,950 | $35,100 |
| 3 Persons | $21,960 | $24,700 | $39,500 |
| 4 Persons | $26,500 | $27,400 | $43,850 |
| 5 Persons | $29,600 | $29,600 | $47,400 |
| 6 Persons | $31,800 | $31,800 | $50,900 |
| 7 Persons | $34,000 | $34,000 | $54,400 |
| 8 Persons | $36,200 | $36,200 | $57,900 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Cowen, WV?+
The Fair Market Rent (FMR) for Webster County, WV is: $575 (Studio), $645 (1BR), $848 (2BR), $1180 (3BR), $1208 (4BR). Actual rent at subsidized properties like Cowen Elderly is typically 30% of household income or less.
What size apartments are available at Cowen Elderly?+
Cowen Elderly offers the following unit types: 20 One-Bedroom, 4 Two-Bedroom units, for a total of 24 units.
What is the price range for apartments in Cowen, WV?+
Based on Fair Market Rent for Webster County, the estimated price range is: 1-bedroom: $645, 2-bedroom: $848. Actual rent at Cowen Elderly may be lower for income-eligible households.
What are the income limits for affordable housing in Webster County, WV?+
For a 4-person household in Webster County, WV, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,400, Low Income (80% AMI): $43,850. These limits are set by HUD and updated annually.
Who manages Cowen Elderly?+
Cowen Elderly is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Cowen Elderly?+
Cowen Elderly 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 Cowen Elderly?+
Cowen Elderly primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.