About This Property
Hollybrook Farms I comprises 100 low-income rental units in Laurel, Delaware, with a unit mix of 34 one-bedroom, 64 two-bedroom, and 2 three-bedroom apartments. The property was placed in service in 2009 and serves Sussex County residents. The community is managed by an on-site property management team available to address resident needs.
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 Laurel, 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 Hollybrook Farms I is typically 30% of household income or less.
What size apartments are available at Hollybrook Farms I?+
Hollybrook Farms I offers the following unit types: 34 One-Bedroom, 64 Two-Bedroom, 2 Three-Bedroom units, for a total of 100 units.
What is the price range for apartments in Laurel, 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 Hollybrook Farms I 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.
Who manages Hollybrook Farms I?+
Hollybrook Farms I is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Hollybrook Farms I?+
Hollybrook Farms I 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.