About This Property
Prospect Park is a 125-unit affordable housing community in Fort Lauderdale, Florida that has served low-income families since 1999. The property offers 66 two-bedroom and 59 three-bedroom units, funded through tax-exempt bonds and 4% Low-Income Housing Tax Credits. This Broward County development provides housing options for families seeking affordable rental units.
Property Details
Fair Market Rent - Broward County, FL
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,573 |
| 1 Bedroom | $1,692 |
| 2 Bedroom | $2,102 |
| 3 Bedroom | $2,916 |
| 4 Bedroom | $3,567 |
Income Limits - Broward County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,500
- Very Low (50%)
- $30,800
- Low (80%)
- $49,300
- Extremely Low (30%)
- $21,150
- Very Low (50%)
- $35,200
- Low (80%)
- $56,350
- Extremely Low (30%)
- $23,800
- Very Low (50%)
- $39,600
- Low (80%)
- $63,400
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $44,000
- Low (80%)
- $70,400
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $47,550
- Low (80%)
- $76,050
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $51,050
- Low (80%)
- $81,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $54,600
- Low (80%)
- $87,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $58,100
- Low (80%)
- $92,950
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,500 | $30,800 | $49,300 |
| 2 Persons | $21,150 | $35,200 | $56,350 |
| 3 Persons | $23,800 | $39,600 | $63,400 |
| 4 Persons | $26,500 | $44,000 | $70,400 |
| 5 Persons | $31,040 | $47,550 | $76,050 |
| 6 Persons | $35,580 | $51,050 | $81,700 |
| 7 Persons | $40,120 | $54,600 | $87,300 |
| 8 Persons | $44,660 | $58,100 | $92,950 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Ft Lauderdale, FL?+
The Fair Market Rent (FMR) for Broward County, FL is: $1573 (Studio), $1692 (1BR), $2102 (2BR), $2916 (3BR), $3567 (4BR). Actual rent at subsidized properties like Prospect Park is typically 30% of household income or less.
What size apartments are available at Prospect Park?+
Prospect Park offers the following unit types: 66 Two-Bedroom, 59 Three-Bedroom units, for a total of 125 units.
How do I apply for housing at Prospect Park?+
Prospect Park 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.
What is the price range for apartments in Ft Lauderdale, FL?+
Based on Fair Market Rent for Broward County, the estimated price range is: 2-bedroom: $2102, 3-bedroom: $2916. Actual rent at Prospect Park may be lower for income-eligible households.
What are the income limits for affordable housing in Broward County, FL?+
For a 4-person household in Broward County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $44,000, Low Income (80% AMI): $70,400. These limits are set by HUD and updated annually.
Who is eligible to live at Prospect Park?+
Prospect Park primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Prospect Park?+
Prospect Park is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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