Franklin Village Apartments is managed by Housing Management Resources.
Come experience the tranquil country setting at Franklin Village. Conveniently located within minutes to shopping, restaurants, gyms, and a movie theater. Nestled back on a private wooded road. Some of the luxuries you will enjoy: on-site management, 24-hour emergency maintenance, basketball court, playground, laundry facilities in each building and six spacious floor plans to choose from.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Studio (Studio/1) | 364 | $725 |
One Bedroom (1/1) | 567 | $925 |
Two Bedroom (2/1) | 878 | $1,125 |
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 Derry but actual income limits may differ for units at Franklin Village Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
Very Low Income (50%) | $42,700 | $48,800 | $54,900 | $60,950 |
Low Income (60%) | $51,240 | $58,560 | $65,880 | $73,140 |
Day | Hours |
---|---|
Monday | 9:00am-5:30pm |
Tuesday | 9:00am-5:30pm |
Wednesday | 9:00am-5:30pm |
Thursday | 9:00am-5:30pm |
Friday | 9:00am-5:30pm |
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.