533 Hancock St, Rumford, ME 04276
Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units
Verified for 2020 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 Bed | 1 Bath | - |
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.
Finding apartment home living in Rumford, Maine has never been easier! Welcome to Somerset, a cozy community for seniors 62 and better that is nestled in a convenient location. Offering easy access to highways, getting around will be a breeze. Everything you need is within reach, including great restaurants, parks, and shopping. For outdoor enthusiasts, the Androscoggin River is just moments away.
Our spacious apartment homes for rent were created with you in mind. Uniquely designed with the amenities you deserve, each of our apartments is cable ready and has disability access for your peace of mind. Cooking can be fun again in your all-electric kitchen, and pets are warmly welcomed so please bring your furry friends along! If quality and convenience are important factors in your lifestyle, you have come to the right place.
From the moment you arrive, you’ll feel like you’ve come home. Our community amenities provide residents with high-speed internet access, on-call maintenance, and disability access, including an elevator. Chores will be a cinch with the on-site laundry facility. We also welcome Section 8, and there are senior and military discounts available. Call us to schedule a personal tour today. Our professional staff is looking forward to serving you with excellence.
Because it participates in the USDA Section 515 Rural Rental Housing program, The Somerset 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
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | Call for Price† |
Does The Somerset have a waiting list?
The Somerset 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 The Somerset?
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.
What property management company manges The Somerset?
The Somerset is managed by Realty Resources Management
In addition to The Somerset, how many other affordable housing properties (and units) are there in Rumford?
In addition to The Somerset, we list 4 other affordable properties in Rumford. Learn about these properties here. Our data research shows that there are a total of 75 affordable units in Rumford.
298 Spruce Street, Rumford, Maine 04276
Increase your chances of getting on a waiting list.
You can apply to as many open waiting lists as you want! Look for online applications for easier access to more waiting lists.Libby Trahan says:
"I knew nothing about Section 8 or other affordable housing options, but Affordable Housing Online is very informative and I have learned about resources that I never knew were available."