About This Property
Georgetown Preservation Apartments offers 76 units in Georgetown, Delaware, with a mix of one-, two-, and three-bedroom floor plans. The property has been in service since 2004 and contains 24 one-bedroom, 23 two-bedroom, and 28 three-bedroom units. For more information, interested parties may contact the property management office.
Property Details
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.
| Bedrooms | FMR |
|---|---|
| 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.
- Extremely Low (30%)
- $15,800
- Very Low (50%)
- $26,300
- Low (80%)
- $42,100
- Extremely Low (30%)
- $18,050
- Very Low (50%)
- $30,050
- Low (80%)
- $48,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,800
- Low (80%)
- $54,100
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,550
- Low (80%)
- $60,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,600
- Low (80%)
- $64,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,600
- Low (80%)
- $69,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $46,600
- Low (80%)
- $74,550
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $49,600
- Low (80%)
- $79,350
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,800 | $26,300 | $42,100 |
| 2 Persons | $18,050 | $30,050 | $48,100 |
| 3 Persons | $21,960 | $33,800 | $54,100 |
| 4 Persons | $26,500 | $37,550 | $60,100 |
| 5 Persons | $31,040 | $40,600 | $64,950 |
| 6 Persons | $35,580 | $43,600 | $69,750 |
| 7 Persons | $40,120 | $46,600 | $74,550 |
| 8 Persons | $44,660 | $49,600 | $79,350 |
Tax Credit Program Details
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 Georgetown Preservation Apartments is typically 30% of household income or less.
What size apartments are available at Georgetown Preservation Apartments?+
Georgetown Preservation Apartments offers the following unit types: 24 One-Bedroom, 23 Two-Bedroom, 28 Three-Bedroom units, for a total of 76 units.
Who manages Georgetown Preservation Apartments?+
Georgetown Preservation Apartments is managed by . You can reach them at .
How do I apply for housing at Georgetown Preservation Apartments?+
Georgetown Preservation Apartments is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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.
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, 3-bedroom: $1656. Actual rent at Georgetown Preservation Apartments 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.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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