About This Property
Lincoln Terrace Apts in Ashland, Ohio contains 40 low-income units serving elderly residents, with a unit mix of thirty 2-bedroom and ten 3-bedroom apartments. The property was placed in service in 1998 and receives 9% Low-Income Housing Tax Credit funding along with HOME program support. A non-profit entity owns and operates the community.
Property Details
Fair Market Rent - Ashland County, OH
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $583 |
| 1 Bedroom | $655 |
| 2 Bedroom | $860 |
| 3 Bedroom | $1,110 |
| 4 Bedroom | $1,397 |
Income Limits - Ashland County, OH
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,100
- Very Low (50%)
- $23,450
- Low (80%)
- $37,550
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,800
- Low (80%)
- $42,900
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,150
- Low (80%)
- $48,250
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,500
- Low (80%)
- $53,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,200
- Low (80%)
- $57,900
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $38,900
- Low (80%)
- $62,200
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,550
- Low (80%)
- $66,500
- Extremely Low (30%)
- $44,250
- Very Low (50%)
- $44,250
- Low (80%)
- $70,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,100 | $23,450 | $37,550 |
| 2 Persons | $17,420 | $26,800 | $42,900 |
| 3 Persons | $21,960 | $30,150 | $48,250 |
| 4 Persons | $26,500 | $33,500 | $53,600 |
| 5 Persons | $31,040 | $36,200 | $57,900 |
| 6 Persons | $35,580 | $38,900 | $62,200 |
| 7 Persons | $40,120 | $41,550 | $66,500 |
| 8 Persons | $44,250 | $44,250 | $70,800 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Ashland, OH?+
The Fair Market Rent (FMR) for Ashland County, OH is: $583 (Studio), $655 (1BR), $860 (2BR), $1110 (3BR), $1397 (4BR). Actual rent at subsidized properties like Lincoln Terrace Apts is typically 30% of household income or less.
What size apartments are available at Lincoln Terrace Apts?+
Lincoln Terrace Apts offers the following unit types: 30 Two-Bedroom, 10 Three-Bedroom units, for a total of 40 units.
Who is eligible to live at Lincoln Terrace Apts?+
Lincoln Terrace Apts primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Lincoln Terrace Apts?+
Lincoln Terrace Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Lincoln Terrace Apts?+
Lincoln Terrace Apts 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 price range for apartments in Ashland, OH?+
Based on Fair Market Rent for Ashland County, the estimated price range is: 2-bedroom: $860, 3-bedroom: $1110. Actual rent at Lincoln Terrace Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Ashland County, OH?+
For a 4-person household in Ashland County, OH, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,500, Low Income (80% AMI): $53,600. These limits are set by HUD and updated annually.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.