About This Property
Franklin Woods offers 36 low-income residential units in Franklin, NH, comprising twelve one-bedroom and twenty-four two-bedroom apartments. The property has been in service since 1995 and is managed to provide affordable housing options for qualifying residents in Merrimack County.
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Merrimack County, NH
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $972 |
| 1 Bedroom | $1,086 |
| 2 Bedroom | $1,427 |
| 3 Bedroom | $1,877 |
| 4 Bedroom | $1,900 |
Income Limits - Merrimack County, NH
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $19,700
- Very Low (50%)
- $32,800
- Low (80%)
- $52,450
- Extremely Low (30%)
- $22,500
- Very Low (50%)
- $37,450
- Low (80%)
- $59,950
- Extremely Low (30%)
- $25,300
- Very Low (50%)
- $42,150
- Low (80%)
- $67,450
- Extremely Low (30%)
- $28,100
- Very Low (50%)
- $46,800
- Low (80%)
- $74,900
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $50,550
- Low (80%)
- $80,900
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $54,300
- Low (80%)
- $86,900
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $58,050
- Low (80%)
- $92,900
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $61,800
- Low (80%)
- $98,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $19,700 | $32,800 | $52,450 |
| 2 Persons | $22,500 | $37,450 | $59,950 |
| 3 Persons | $25,300 | $42,150 | $67,450 |
| 4 Persons | $28,100 | $46,800 | $74,900 |
| 5 Persons | $31,040 | $50,550 | $80,900 |
| 6 Persons | $35,580 | $54,300 | $86,900 |
| 7 Persons | $40,120 | $58,050 | $92,900 |
| 8 Persons | $44,660 | $61,800 | $98,900 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Franklin, NH?+
The Fair Market Rent (FMR) for Merrimack County, NH is: $972 (Studio), $1086 (1BR), $1427 (2BR), $1877 (3BR), $1900 (4BR). Actual rent at subsidized properties like Franklin Woods is typically 30% of household income or less.
What size apartments are available at Franklin Woods?+
Franklin Woods offers the following unit types: 12 One-Bedroom, 24 Two-Bedroom units, for a total of 36 units.
How do I apply for housing at Franklin Woods?+
Franklin Woods 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 is the HUD inspection score for Franklin Woods?+
Franklin Woods has a HUD inspection score of 83 out of 100, which is considered good. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
Who manages Franklin Woods?+
Franklin Woods is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Merrimack County, NH?+
For a 4-person household in Merrimack County, NH, the income limits are: Extremely Low Income (30% AMI): $28,100, Very Low Income (50% AMI): $46,800, Low Income (80% AMI): $74,900. These limits are set by HUD and updated annually.
What is the price range for apartments in Franklin, NH?+
Based on Fair Market Rent for Merrimack County, the estimated price range is: 1-bedroom: $1086, 2-bedroom: $1427. Actual rent at Franklin Woods may be lower for income-eligible households.
Contact Information
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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