Confirmation of your submitted application or inquiry will be communicated in a week or less. The rental subcommittee of the IAP Board of Directors will communicate next steps to you after your application is reviewed.

To be eligible for consideration, the applicant(s) must have fully completed the application, and have demonstrated meeting the following criteria:

1. Current residency and the length of time at this residence: preference will be given to current residents of Islesboro.

2. The applicant must demonstrate a need for affordable housing, i.e., the applicant may not own a buildable lot, or an existing house and lot, in the Town of Islesboro at the time of application.

3. The applicant must show that their current income is “moderate,” defined as up to 120% of the most recent median family income, by family size, for Waldo County. See the chart below.

4. History of Credit worthiness: applicants should have sufficient income to cover monthly rental payments; in general, the total cost of the rent cannot exceed 30% of the applicant’s annual gross income.

5. Current employment and employment history: applicants should be gainfully employed for a minimum of 30 hours per week. Preference will be given to those employed on Islesboro. NOTE: Rent for these two new three-bedroom houses has not yet been finalized but will be based on a sliding scale determined by income and family size. Income limits on this application are defined by commonly accepted standards, using the specific percentage of the median family income for residents of Waldo County, defined as “moderate.” Moderate income cannot exceed 120%, adjusted for family size, of the most current Median Family Income (MFI) limits. The chart below shows Islesboro median family income according to the Department of Housing and Urban Development (HUD's) estimates for Waldo County, with percentage adjustments for family size. 2024 Islesboro Affordable Property Income Limits Up to 120% of Area Median Income in 2024 for Waldo County: IAP abides by the Maine Human Rights, regarding Housing, Subchapter 4: The opportunity for an individual to secure housing in accordance with the individual's ability to pay, and without discrimination because of race, color, sex, sexual orientation, physical or mental disability, religion, ancestry, [age], national origin or familial status is hereby recognized as and declared to be a civil right. From: §4581. Right to freedom from discrimination in housing; exceptions.

Other Selection Criteria: Your application essay Landlord and Other References Evidence of Income Results of a Criminal Background Check Age(s) and number of children.

Applicants must consent to a criminal background check, provide credit history, housing and employment history, character references, and submit an essay before completing the application process.

Because Applications can be very lengthy and require a lot of information, some people prefer to submit a Statement of Interest first. This will simply put you in touch with an IAP representative and confirm your income eligibility. If you are eligible, you will then be required to submit a full application including a tax return for the past year.

Town Center Duplex applications require the same information and will be reviewed in the fall as construction progresses. Rates will be set when construction nears completion and financial obligations are fully determined. The income ceiling is more flexible since there is no grant subsidy obliging us to meet restrictive guidelines. Rents will be set at a minimum that allows IAP to cover running expenses while keeping the rate below market level.

Electricity, heat, telephone and broadband coverage and landscape upkeep are the responsibility of the renter. IAP maintains the infrastructure and repairs damage due to normal wear and tear.

The number of occupants for two bedroom units is a minimum of 2 and a maximum of 4. Three bedroom units require a minimum of 3 persons and a maximum of 6 persons, subject to review by IAP.