About This Property
Redstone offers 24 affordable units in Challis, Idaho, with 23 units designated for low-income households. The property contains a mix of one-, two-, and three-bedroom floor plans, with eight units of each type, and serves families in Custer County. Built in 1994, this property operates with 4% Low-Income Housing Tax Credit financing.
Property Details
Fair Market Rent - Custer County, ID
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $715 |
| 1 Bedroom | $748 |
| 2 Bedroom | $974 |
| 3 Bedroom | $1,373 |
| 4 Bedroom | $1,641 |
Income Limits - Custer County, ID
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,850
- Low (80%)
- $33,350
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,800
- Low (80%)
- $38,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,800
- Low (80%)
- $42,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,750
- Low (80%)
- $47,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,150
- Low (80%)
- $51,450
- Extremely Low (30%)
- $34,550
- Very Low (50%)
- $34,550
- Low (80%)
- $55,250
- Extremely Low (30%)
- $36,900
- Very Low (50%)
- $36,900
- Low (80%)
- $59,050
- Extremely Low (30%)
- $39,300
- Very Low (50%)
- $39,300
- Low (80%)
- $62,850
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,850 | $33,350 |
| 2 Persons | $17,420 | $23,800 | $38,100 |
| 3 Persons | $21,960 | $26,800 | $42,850 |
| 4 Persons | $26,500 | $29,750 | $47,600 |
| 5 Persons | $31,040 | $32,150 | $51,450 |
| 6 Persons | $34,550 | $34,550 | $55,250 |
| 7 Persons | $36,900 | $36,900 | $59,050 |
| 8 Persons | $39,300 | $39,300 | $62,850 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Challis, ID?+
The Fair Market Rent (FMR) for Custer County, ID is: $715 (Studio), $748 (1BR), $974 (2BR), $1373 (3BR), $1641 (4BR). Actual rent at subsidized properties like Redstone is typically 30% of household income or less.
What size apartments are available at Redstone?+
Redstone offers the following unit types: 8 One-Bedroom, 8 Two-Bedroom, 8 Three-Bedroom units, for a total of 24 units.
Who is eligible to live at Redstone?+
Redstone primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Redstone?+
Redstone is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 manages Redstone?+
Redstone is managed by . You can reach them at .
What is the price range for apartments in Challis, ID?+
Based on Fair Market Rent for Custer County, the estimated price range is: 1-bedroom: $748, 2-bedroom: $974, 3-bedroom: $1373. Actual rent at Redstone may be lower for income-eligible households.
What are the income limits for affordable housing in Custer County, ID?+
For a 4-person household in Custer County, ID, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,750, Low Income (80% AMI): $47,600. These limits are set by HUD and updated annually.
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