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Franklin Grove Apartments

4929 W Franklin Rd, Boise, Idaho 83705

Franklin Grove Apartments is a three story Elderly/Disabled Property that has one bedroom apartments. We have a community room with its own full kitchen often used by the residents for birthdays and holidays, or to just sit and watch the big screen TV. We also have a computer lab on the third floor, Laundry room on the second floor and a full time Service Coordinator to assist you with whatever needs you may have.

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Last updated on December 13th, 2018

Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 600 Call for Price

Franklin Grove Apartments Details

  • 40 0 bedroom units.
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Elevator
  • Computer Lab
  • Community Room
  • Gazebo
  • On-site Laundry

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Private Patio/Balcony

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Section 8 Project-Based Rental Assistance tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Boise HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Boise but actual income limits may differ for units at Franklin Grove Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $15,750 $18,000 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% $26,200 $29,950 $33,700 $37,400 $40,400 $43,400 $46,400 $49,400
80% $41,900 $47,900 $53,900 $59,850 $64,650 $69,450 $74,250 $79,050

Boise Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Boise but actual income limits may differ for units at Franklin Grove Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $26,200 $29,950 $33,700 $37,400 $40,400 $43,400 $46,400 $49,400
Low Income (60%) $31,440 $35,940 $40,440 $44,880 $48,480 $52,080 $55,680 $59,280

Franklin Grove Apartments is managed by Northwest Real Estate Capital Corp..

Image of Franklin Grove Apartments
Image of Franklin Grove Apartments

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