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Gilford Village Knoll III

41 Potter Hill Rd, Gilford, New Hampshire 03249

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Gilford Village Knoll III is managed by Stewart Property Management.

Located in a rural setting adjacent to Gilford Village Knolls I. The property is a few steps from Gilford Village. This 24 unit building has two stories with an elevator. All units have ranges and refrigerators and the property includes a community room for the use and enjoyment of the residents. There are 23 one bedroom units and one two bedroom unit. Rents for 19 of the units are based on income with no minimum rent. Rent includes heat and hot water. Must be at least 62 years of age or disabled/handicapped (regardless of age) to qualify. Income limits do apply.

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Income Based
2 Bedroom (2/1) - Income Based

Eligibility for Gilford Village Knoll III

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 Gilford but actual income limits may differ for units at Gilford Village Knoll III.

AMI Band 1 Person 2 Person 3 Person 4 Person
Very Low Income (50%) $35,250 $40,300 $45,350 $50,350
Low Income (60%) $42,300 $48,360 $54,420 $60,420

Gilford Village Knoll III Details

  • 24 one and two bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 515 Rural Rental Housing
  • Section 521 USDA Rental Assistance

Property Amenities

  • Community Room
  • Heat Included

Unit Amenities

  • Refrigerator
  • Water Included
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.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

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Image of Gilford Village Knoll III