About This Property
Cowen Elderly is a 24-unit affordable housing community in Cowen, WV that has served elderly residents since 1994. The property includes 20 one-bedroom units and 4 two-bedroom units designated as low-income housing. The community is financed through 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Webster County, WV
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $575 |
| 1 Bedroom | $645 |
| 2 Bedroom | $848 |
| 3 Bedroom | $1,180 |
| 4 Bedroom | $1,208 |
Income Limits - Webster County, WV
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,200
- Low (80%)
- $30,700
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $21,950
- Low (80%)
- $35,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,700
- Low (80%)
- $39,500
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,400
- Low (80%)
- $43,850
- Extremely Low (30%)
- $29,600
- Very Low (50%)
- $29,600
- Low (80%)
- $47,400
- Extremely Low (30%)
- $31,800
- Very Low (50%)
- $31,800
- Low (80%)
- $50,900
- Extremely Low (30%)
- $34,000
- Very Low (50%)
- $34,000
- Low (80%)
- $54,400
- Extremely Low (30%)
- $36,200
- Very Low (50%)
- $36,200
- Low (80%)
- $57,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,200 | $30,700 |
| 2 Persons | $17,420 | $21,950 | $35,100 |
| 3 Persons | $21,960 | $24,700 | $39,500 |
| 4 Persons | $26,500 | $27,400 | $43,850 |
| 5 Persons | $29,600 | $29,600 | $47,400 |
| 6 Persons | $31,800 | $31,800 | $50,900 |
| 7 Persons | $34,000 | $34,000 | $54,400 |
| 8 Persons | $36,200 | $36,200 | $57,900 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Cowen, WV?+
The Fair Market Rent (FMR) for Webster County, WV is: $575 (Studio), $645 (1BR), $848 (2BR), $1180 (3BR), $1208 (4BR). Actual rent at subsidized properties like Cowen Elderly is typically 30% of household income or less.
What size apartments are available at Cowen Elderly?+
Cowen Elderly offers the following unit types: 20 One-Bedroom, 4 Two-Bedroom units, for a total of 24 units.
Who manages Cowen Elderly?+
Cowen Elderly is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Cowen, WV?+
Based on Fair Market Rent for Webster County, the estimated price range is: 1-bedroom: $645, 2-bedroom: $848. Actual rent at Cowen Elderly may be lower for income-eligible households.
What are the income limits for affordable housing in Webster County, WV?+
For a 4-person household in Webster County, WV, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,400, Low Income (80% AMI): $43,850. These limits are set by HUD and updated annually.
Who is eligible to live at Cowen Elderly?+
Cowen Elderly primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Cowen Elderly?+
Cowen Elderly 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.