About This Property
Lake Street is a 47-unit affordable housing community in Chatham, MA that has been in service since 2006. The property includes 44 low-income units with a mix of one-, two-, and three-bedroom floor plans designed to serve families. Funding sources include HOME program grants and 9% LIHTC credits, and the property is owned and operated by a non-profit organization.
Property Details
Fair Market Rent - Barnstable County, MA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,486 |
| 1 Bedroom | $1,585 |
| 2 Bedroom | $2,082 |
| 3 Bedroom | $2,541 |
| 4 Bedroom | $2,897 |
Income Limits - Barnstable County, MA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $20,450
- Very Low (50%)
- $34,050
- Low (80%)
- $54,450
- Extremely Low (30%)
- $23,350
- Very Low (50%)
- $38,900
- Low (80%)
- $62,200
- Extremely Low (30%)
- $26,250
- Very Low (50%)
- $43,750
- Low (80%)
- $70,000
- Extremely Low (30%)
- $29,150
- Very Low (50%)
- $48,600
- Low (80%)
- $77,750
- Extremely Low (30%)
- $31,500
- Very Low (50%)
- $52,500
- Low (80%)
- $84,000
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $56,400
- Low (80%)
- $90,200
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $60,300
- Low (80%)
- $96,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $64,200
- Low (80%)
- $102,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $20,450 | $34,050 | $54,450 |
| 2 Persons | $23,350 | $38,900 | $62,200 |
| 3 Persons | $26,250 | $43,750 | $70,000 |
| 4 Persons | $29,150 | $48,600 | $77,750 |
| 5 Persons | $31,500 | $52,500 | $84,000 |
| 6 Persons | $35,580 | $56,400 | $90,200 |
| 7 Persons | $40,120 | $60,300 | $96,450 |
| 8 Persons | $44,660 | $64,200 | $102,650 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Chatham, MA?+
The Fair Market Rent (FMR) for Barnstable County, MA is: $1486 (Studio), $1585 (1BR), $2082 (2BR), $2541 (3BR), $2897 (4BR). Actual rent at subsidized properties like Lake Street is typically 30% of household income or less.
What size apartments are available at Lake Street?+
Lake Street offers the following unit types: 4 One-Bedroom, 33 Two-Bedroom, 10 Three-Bedroom units, for a total of 47 units.
Who manages Lake Street?+
Lake Street is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Lake Street?+
Lake Street 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 are the income limits for affordable housing in Barnstable County, MA?+
For a 4-person household in Barnstable County, MA, the income limits are: Extremely Low Income (30% AMI): $29,150, Very Low Income (50% AMI): $48,600, Low Income (80% AMI): $77,750. These limits are set by HUD and updated annually.
Who is eligible to live at Lake Street?+
Lake Street primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Chatham, MA?+
Based on Fair Market Rent for Barnstable County, the estimated price range is: 1-bedroom: $1585, 2-bedroom: $2082, 3-bedroom: $2541. Actual rent at Lake Street may be lower for income-eligible households.
Contact Information
Walk Score
Car-Dependent