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Low Income (LIHTC)

Dunbarton Oaks Iii

500 N Margaret St, Georgetown, DE, 19947

Information verified May 8, 2026·We re-check waiting list status daily

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About This Property

Dunbarton Oaks III offers 32 affordable rental units in Georgetown, Delaware, comprising 12 one-bedroom and 20 two-bedroom apartments. The property has been in service since 2013 and operates in Sussex County. Prospective tenants may contact the property management office for application and occupancy information.

Property Details

Total Units
32
1 Bedroom
12
2 Bedroom
20

Fair Market Rent - Sussex County, DE

FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.

BedroomsFMR
Studio/Efficiency$909
1 Bedroom$988
2 Bedroom$1,298
3 Bedroom$1,656
4 Bedroom$2,037

Income Limits - Sussex County, DE

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person
Extremely Low (30%)
$15,800
Very Low (50%)
$26,300
Low (80%)
$42,100
2 Persons
Extremely Low (30%)
$18,050
Very Low (50%)
$30,050
Low (80%)
$48,100
3 Persons
Extremely Low (30%)
$21,960
Very Low (50%)
$33,800
Low (80%)
$54,100
4 Persons
Extremely Low (30%)
$26,500
Very Low (50%)
$37,550
Low (80%)
$60,100
5 Persons
Extremely Low (30%)
$31,040
Very Low (50%)
$40,600
Low (80%)
$64,950
6 Persons
Extremely Low (30%)
$35,580
Very Low (50%)
$43,600
Low (80%)
$69,750
7 Persons
Extremely Low (30%)
$40,120
Very Low (50%)
$46,600
Low (80%)
$74,550
8 Persons
Extremely Low (30%)
$44,660
Very Low (50%)
$49,600
Low (80%)
$79,350

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Tax Credit Program Details

Year Placed in Service
2013
LIHTC Credit Type
4
Low-Income Units
0 / 32
Funding Programs
Rental Assistance
Designations
Qualified Census Tract

Frequently Asked Questions

What is the average rent for affordable housing in Georgetown, DE?+

The Fair Market Rent (FMR) for Sussex County, DE is: $909 (Studio), $988 (1BR), $1298 (2BR), $1656 (3BR), $2037 (4BR). Actual rent at subsidized properties like Dunbarton Oaks Iii is typically 30% of household income or less.

What size apartments are available at Dunbarton Oaks Iii?+

Dunbarton Oaks Iii offers the following unit types: 12 One-Bedroom, 20 Two-Bedroom units, for a total of 32 units.

What is the price range for apartments in Georgetown, DE?+

Based on Fair Market Rent for Sussex County, the estimated price range is: 1-bedroom: $988, 2-bedroom: $1298. Actual rent at Dunbarton Oaks Iii may be lower for income-eligible households.

What are the income limits for affordable housing in Sussex County, DE?+

For a 4-person household in Sussex County, DE, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,550, Low Income (80% AMI): $60,100. These limits are set by HUD and updated annually.

How do I apply for housing at Dunbarton Oaks Iii?+

Dunbarton Oaks Iii 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.

Who manages Dunbarton Oaks Iii?+

Dunbarton Oaks Iii is managed by . You can reach them at . Visit their website for more information.

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Contact Information

Walk Score

Somewhat Walkable

51
Walk
48
Bike

Nearby Schools

6,7,8,9,10,11,12

Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.

Location

Sussex County, DE

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Housing Resources in Georgetown, DE

HUD-Approved Counseling Agencies

FIRST STATE COMMUNITY ACTION AGENCY, INC

Mortgage Delinquency and Default Resolution CounselingPre-Purchase CounselingPre-Purchase Homebuyer Education Workshops

NEIGHBORGOOD PARTNERS - GEORGETOWN

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