About This Property
Larkspur Commons is a 136-unit affordable housing community in Bozeman serving low-income families. The property offers a mix of floor plans including 34 one-bedroom, 68 two-bedroom, and 34 three-bedroom units. Placed in service in 2017, the community is financed through 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Gallatin County, MT
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $901 |
| 1 Bedroom | $999 |
| 2 Bedroom | $1,275 |
| 3 Bedroom | $1,797 |
| 4 Bedroom | $2,164 |
Income Limits - Gallatin County, MT
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,700
- Very Low (50%)
- $31,150
- Low (80%)
- $49,800
- Extremely Low (30%)
- $21,350
- Very Low (50%)
- $35,600
- Low (80%)
- $56,900
- Extremely Low (30%)
- $24,000
- Very Low (50%)
- $40,050
- Low (80%)
- $64,000
- Extremely Low (30%)
- $26,650
- Very Low (50%)
- $44,450
- Low (80%)
- $71,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $48,050
- Low (80%)
- $76,800
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $51,600
- Low (80%)
- $82,500
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $55,150
- Low (80%)
- $88,200
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $58,700
- Low (80%)
- $93,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,700 | $31,150 | $49,800 |
| 2 Persons | $21,350 | $35,600 | $56,900 |
| 3 Persons | $24,000 | $40,050 | $64,000 |
| 4 Persons | $26,650 | $44,450 | $71,100 |
| 5 Persons | $31,040 | $48,050 | $76,800 |
| 6 Persons | $35,580 | $51,600 | $82,500 |
| 7 Persons | $40,120 | $55,150 | $88,200 |
| 8 Persons | $44,660 | $58,700 | $93,900 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Bozeman, MT?+
The Fair Market Rent (FMR) for Gallatin County, MT is: $901 (Studio), $999 (1BR), $1275 (2BR), $1797 (3BR), $2164 (4BR). Actual rent at subsidized properties like Larkspur Commons is typically 30% of household income or less.
What size apartments are available at Larkspur Commons?+
Larkspur Commons offers the following unit types: 34 One-Bedroom, 68 Two-Bedroom, 34 Three-Bedroom units, for a total of 136 units.
How do I apply for housing at Larkspur Commons?+
Larkspur Commons 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 is eligible to live at Larkspur Commons?+
Larkspur Commons primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Larkspur Commons?+
Larkspur Commons is managed by . You can reach them at .
What are the income limits for affordable housing in Gallatin County, MT?+
For a 4-person household in Gallatin County, MT, the income limits are: Extremely Low Income (30% AMI): $26,650, Very Low Income (50% AMI): $44,450, Low Income (80% AMI): $71,100. These limits are set by HUD and updated annually.
What is the price range for apartments in Bozeman, MT?+
Based on Fair Market Rent for Gallatin County, the estimated price range is: 1-bedroom: $999, 2-bedroom: $1275, 3-bedroom: $1797. Actual rent at Larkspur Commons may be lower for income-eligible households.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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