About This Property
Pond Circle offers 13 low-income residential units in Damariscotta, Maine, with a mix of six 2-bedroom and seven 3-bedroom apartments. The property has been in service since 2002 and is financed through 9% Low-Income Housing Tax Credits. A non-profit organization owns and manages the community.
Property Details
Fair Market Rent - Lincoln County, ME
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $942 |
| 1 Bedroom | $978 |
| 2 Bedroom | $1,183 |
| 3 Bedroom | $1,575 |
| 4 Bedroom | $1,654 |
Income Limits - Lincoln County, ME
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,150
- Very Low (50%)
- $25,200
- Low (80%)
- $40,350
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,800
- Low (80%)
- $46,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,400
- Low (80%)
- $51,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,000
- Low (80%)
- $57,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,900
- Low (80%)
- $62,250
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,800
- Low (80%)
- $66,850
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,650
- Low (80%)
- $71,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,550
- Low (80%)
- $76,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,150 | $25,200 | $40,350 |
| 2 Persons | $17,420 | $28,800 | $46,100 |
| 3 Persons | $21,960 | $32,400 | $51,850 |
| 4 Persons | $26,500 | $36,000 | $57,600 |
| 5 Persons | $31,040 | $38,900 | $62,250 |
| 6 Persons | $35,580 | $41,800 | $66,850 |
| 7 Persons | $40,120 | $44,650 | $71,450 |
| 8 Persons | $44,660 | $47,550 | $76,050 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Damariscotta, ME?+
The Fair Market Rent (FMR) for Lincoln County, ME is: $942 (Studio), $978 (1BR), $1183 (2BR), $1575 (3BR), $1654 (4BR). Actual rent at subsidized properties like Pond Circle is typically 30% of household income or less.
What size apartments are available at Pond Circle?+
Pond Circle offers the following unit types: 6 Two-Bedroom, 7 Three-Bedroom units, for a total of 13 units.
Who manages Pond Circle?+
Pond Circle is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Damariscotta, ME?+
Based on Fair Market Rent for Lincoln County, the estimated price range is: 2-bedroom: $1183, 3-bedroom: $1575. Actual rent at Pond Circle may be lower for income-eligible households.
What are the income limits for affordable housing in Lincoln County, ME?+
For a 4-person household in Lincoln County, ME, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,000, Low Income (80% AMI): $57,600. These limits are set by HUD and updated annually.
How do I apply for housing at Pond Circle?+
Pond Circle 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.
Walk Score
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Nearby Schools
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