About This Property
Cascades is an affordable housing community in Milford, Delaware, offering 76 units across a mix of one, two, and three-bedroom floor plans. The property was placed in service in 2013 and contains 36 one-bedroom, 22 two-bedroom, and 18 three-bedroom units. The community is situated in Kent County and serves the Milford area.
Property Details
Fair Market Rent - Kent County, DE
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,110 |
| 1 Bedroom | $1,117 |
| 2 Bedroom | $1,368 |
| 3 Bedroom | $1,928 |
| 4 Bedroom | $2,152 |
Income Limits - Kent County, DE
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,500
- Very Low (50%)
- $24,150
- Low (80%)
- $38,650
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,600
- Low (80%)
- $44,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,050
- Low (80%)
- $49,700
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,500
- Low (80%)
- $55,200
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,300
- Low (80%)
- $59,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,050
- Low (80%)
- $64,050
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,800
- Low (80%)
- $68,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $45,550
- Low (80%)
- $72,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,500 | $24,150 | $38,650 |
| 2 Persons | $17,420 | $27,600 | $44,200 |
| 3 Persons | $21,960 | $31,050 | $49,700 |
| 4 Persons | $26,500 | $34,500 | $55,200 |
| 5 Persons | $31,040 | $37,300 | $59,650 |
| 6 Persons | $35,580 | $40,050 | $64,050 |
| 7 Persons | $40,120 | $42,800 | $68,450 |
| 8 Persons | $44,660 | $45,550 | $72,900 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Milford, DE?+
The Fair Market Rent (FMR) for Kent County, DE is: $1110 (Studio), $1117 (1BR), $1368 (2BR), $1928 (3BR), $2152 (4BR). Actual rent at subsidized properties like Cascades is typically 30% of household income or less.
What size apartments are available at Cascades?+
Cascades offers the following unit types: 36 One-Bedroom, 22 Two-Bedroom, 18 Three-Bedroom units, for a total of 76 units.
What are the income limits for affordable housing in Kent County, DE?+
For a 4-person household in Kent County, DE, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,500, Low Income (80% AMI): $55,200. These limits are set by HUD and updated annually.
What is the price range for apartments in Milford, DE?+
Based on Fair Market Rent for Kent County, the estimated price range is: 1-bedroom: $1117, 2-bedroom: $1368, 3-bedroom: $1928. Actual rent at Cascades may be lower for income-eligible households.
Who manages Cascades?+
Cascades is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Cascades?+
Cascades is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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