Franklin Commons Apartments

962 Franklin Commons Dr, Franklin, Ohio 45005

Contact Franklin Commons Apartments

Franklin Commons located in Franklin, Ohio, offers one bedroom apartments and two and three bedroom townhomes. All rental homes are cable ready, include washer and dryer hookups and air conditioning. Franklin Commons is within walking distance to retail stores, fast food and has easy access to I-75. Franklin Commons is an affordable apartment community with income restrictions.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	750	Call for Price
Two Bedrooms (2/1)	1000	Call for Price
Three Bedrooms (3/2)	1200	Call for Price

Eligibility for Franklin Commons Apartments

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 Franklin but actual income limits may differ for units at Franklin Commons Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
30%	$21,250	$24,300	$27,350	$30,350	$35,140	$40,280
50%	$35,400	$40,450	$45,500	$50,550	$54,600	$58,650
80%	$56,650	$64,750	$72,850	$80,900	$87,400	$93,850

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 Franklin but actual income limits may differ for units at Franklin Commons Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$35,400	$40,450	$45,500	$50,550	$54,600	$58,650
Low Income (60%)	$42,480	$48,540	$54,600	$60,660	$65,520	$70,380

Franklin Commons Apartments Details

114 one, two and three bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)
Section 236

Property Amenities

Playground
Pool
Off-Street Parking
On-Site Maintenance
Lawn Care
Laundry Facility

Unit Amenities

Air Conditioning
Washer and Dryer Hookup
Cable Ready
Window Coverings
Trash Included
Private Patios

Office Hours

Day	Hours
Monday	9:00am-4:00pm
Tuesday	9:00am-4:00pm
Wednesday	9:00am-4:00pm
Thursday	9:00am-4:00pm
Friday	9:00am-4:00pm

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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 236

Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.