About This Property
Lmha Oberlin Homes offers 51 low-income residential units in Oberlin, Ohio, consisting of 20 three-bedroom and 27 four-bedroom apartments. The property has been in service since 2013 and is financed through 4% Low-Income Housing Tax Credits. This affordable housing development serves Lorain County residents.
Property Details
Fair Market Rent - Lorain 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 | $811 |
| 1 Bedroom | $913 |
| 2 Bedroom | $1,108 |
| 3 Bedroom | $1,434 |
| 4 Bedroom | $1,527 |
Income Limits - Lorain County, OH
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,550
- Very Low (50%)
- $27,550
- Low (80%)
- $44,050
- Extremely Low (30%)
- $18,900
- Very Low (50%)
- $31,450
- Low (80%)
- $50,350
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,400
- Low (80%)
- $56,650
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,300
- Low (80%)
- $62,900
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,450
- Low (80%)
- $67,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,600
- Low (80%)
- $73,000
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $48,750
- Low (80%)
- $78,000
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $51,900
- Low (80%)
- $83,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,550 | $27,550 | $44,050 |
| 2 Persons | $18,900 | $31,450 | $50,350 |
| 3 Persons | $21,960 | $35,400 | $56,650 |
| 4 Persons | $26,500 | $39,300 | $62,900 |
| 5 Persons | $31,040 | $42,450 | $67,950 |
| 6 Persons | $35,580 | $45,600 | $73,000 |
| 7 Persons | $40,120 | $48,750 | $78,000 |
| 8 Persons | $44,660 | $51,900 | $83,050 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Oberlin, OH?+
The Fair Market Rent (FMR) for Lorain County, OH is: $811 (Studio), $913 (1BR), $1108 (2BR), $1434 (3BR), $1527 (4BR). Actual rent at subsidized properties like Lmha Oberlin Homes is typically 30% of household income or less.
What size apartments are available at Lmha Oberlin Homes?+
Lmha Oberlin Homes offers the following unit types: 20 Three-Bedroom, 27 Four-Bedroom units, for a total of 51 units.
Who manages Lmha Oberlin Homes?+
Lmha Oberlin Homes is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Lmha Oberlin Homes?+
Lmha Oberlin Homes 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 Oberlin, OH?+
Based on Fair Market Rent for Lorain County, the estimated price range is: 3-bedroom: $1434. Actual rent at Lmha Oberlin Homes may be lower for income-eligible households.
What are the income limits for affordable housing in Lorain County, OH?+
For a 4-person household in Lorain County, OH, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,300, Low Income (80% AMI): $62,900. These limits are set by HUD and updated annually.
Contact Information
Walk Score
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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