Dow Apartments III

10 Rue Boulanger, Old Town, ME 04468

Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units

check_circleVerified for 2019 by Colleen Carter, Ric Gresia

Rent	Beds	Baths	SqFt
Call for Rents^†	1 Bed	1 Bath	-

Call (207) 827-6151

Waitlist Forecast

Since this property is a USDA Section 515 property with rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

These eight one-bedroom apartments, located at 10 Rue Boulanger on Treat & Webster Island in Old Town, have plenty of storage, ample parking and 24-hour maintenance. All apartments are on one level with an entrance directly to the outside. Two laundry facilities are located on site. Residents are responsible for the electric utilities. Income limits apply.

Dave's Thoughts On Dow Apartments III

Because it participates in the USDA Section 515 Rural Rental Housing program, Dow Apartments III is likely located in a rural community and may be one of only a few rental housing choices in the area. To qualify for residency in a Section 515 property, you must earn 80% or less of Area Median Income (AMI). Since this property also participates in USDA's Section 521 Rental Assistance program, residents who earn 50% of the AMI or less may qualify for a subsidy that limits your rent payment to 30% of your income. Some Section 521 properties do not offer rent subsidies to all of the units, so it is possible a person earning 50% or less of the AMI is placed on a subsidy waiting list. These tenants would have to pay the full rent until their name comes up on the list. Section 515 properties often have smaller units, fewer amenities, and are in worse physical condition than other similar properties. USDA has struggled over the years to keep the physical condition of Section 515 properties in good standing due to budget constraints. These properties are almost always owned and managed by private/corporate owners or nonprofits. If you live in a rural area and need help paying your rent, this property may be good for you. Since this property participates in the RD515 program, the property is required to accept Section 8 Housing Choice Vouchers.

~ Dave Layfield, Founder of Affordable Housing Online

Dow Apartments III Amenities

Storage
Heat and Hot Water Included
Laundry Facilities
24 Hour Maintenance
Open Parking

Units at Dow Apartments III

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	Call for Price^†

FAQs for Dow Apartments III

Does Dow Apartments III have a waiting list?

Dow Apartments III probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Dow Apartments III?

We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.

In addition to Dow Apartments III, how many other affordable housing properties (and units) are there in Old Town?

In addition to Dow Apartments III, we list 10 other affordable properties in Old Town. Learn about these properties here. Our data research shows that there are a total of 348 affordable units in Old Town.