St. Francis Apartments

52 Elm St, Waterville, Maine 04901

Experience Waterville living at St. Francis Apartments. These apartments are located in Waterville on Elm St.. Come by to check out the current floorplan options. The leasing staff is waiting to show you all that this community has to offer. It's time to love where you live. Stop by for a visit today.

Units

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

St. Francis Apartments Details

  • 40 one bedroom units.
  • Section 202 Supportive Housing for the Elderly
  • HOME Investment Partnerships Program

Property Amenities

  • Heat Included
  • Wheel Chair Accessible

Unit Amenities

  • Air Conditioning
  • Oven and Range

Section 202 Supportive Housing for the Elderly

Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Waterville 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 Waterville but actual income limits may differ for units at St. Francis Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $16,850 $19,250 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% $28,100 $32,100 $36,100 $40,100 $43,350 $46,550 $49,750 $52,950
80% $44,950 $51,350 $57,750 $64,150 $69,300 $74,450 $79,550 $84,700

St. Francis Apartments is managed by DBH Management.

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