About This Property
Powell Elderly Housing provides 20 units of affordable housing for elderly residents in Powell, Wyoming, consisting of ten one-bedroom and ten two-bedroom apartments. The property has served low-income seniors since 2000 and operates under 9% Low-Income Housing Tax Credit financing with HOME program funding. A nonprofit organization owns and manages this community.
Property Details
Fair Market Rent - Park County, WY
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $767 |
| 1 Bedroom | $772 |
| 2 Bedroom | $1,015 |
| 3 Bedroom | $1,405 |
| 4 Bedroom | $1,722 |
Income Limits - Park County, WY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,050
- Very Low (50%)
- $28,350
- Low (80%)
- $45,400
- Extremely Low (30%)
- $19,450
- Very Low (50%)
- $32,400
- Low (80%)
- $51,850
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $36,450
- Low (80%)
- $58,350
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $40,500
- Low (80%)
- $64,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $43,750
- Low (80%)
- $70,000
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $47,000
- Low (80%)
- $75,200
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $50,250
- Low (80%)
- $80,400
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $53,500
- Low (80%)
- $85,550
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,050 | $28,350 | $45,400 |
| 2 Persons | $19,450 | $32,400 | $51,850 |
| 3 Persons | $21,960 | $36,450 | $58,350 |
| 4 Persons | $26,500 | $40,500 | $64,800 |
| 5 Persons | $31,040 | $43,750 | $70,000 |
| 6 Persons | $35,580 | $47,000 | $75,200 |
| 7 Persons | $40,120 | $50,250 | $80,400 |
| 8 Persons | $44,660 | $53,500 | $85,550 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Powell, WY?+
The Fair Market Rent (FMR) for Park County, WY is: $767 (Studio), $772 (1BR), $1015 (2BR), $1405 (3BR), $1722 (4BR). Actual rent at subsidized properties like Powell Elderly Housing is typically 30% of household income or less.
What size apartments are available at Powell Elderly Housing?+
Powell Elderly Housing offers the following unit types: 10 One-Bedroom, 10 Two-Bedroom units, for a total of 20 units.
What is the price range for apartments in Powell, WY?+
Based on Fair Market Rent for Park County, the estimated price range is: 1-bedroom: $772, 2-bedroom: $1015. Actual rent at Powell Elderly Housing may be lower for income-eligible households.
Who is eligible to live at Powell Elderly Housing?+
Powell Elderly Housing primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Park County, WY?+
For a 4-person household in Park County, WY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $40,500, Low Income (80% AMI): $64,800. These limits are set by HUD and updated annually.
Who manages Powell Elderly Housing?+
Powell Elderly Housing is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Powell Elderly Housing?+
Powell Elderly Housing 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.
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Nearby Schools
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