About This Property
Floral Oaks comprises 36 low-income units serving families in Floral City, FL, with a mix of 28 one-bedroom and 8 two-bedroom apartments. The property has been in service since 1994 and operates under 9% Low-Income Housing Tax Credit financing. Residents have access to affordable rental housing in Citrus County.
Property Details
Fair Market Rent - Citrus 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 | $848 |
| 1 Bedroom | $853 |
| 2 Bedroom | $1,116 |
| 3 Bedroom | $1,554 |
| 4 Bedroom | $1,894 |
Income Limits - Citrus County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,400
- Low (80%)
- $31,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,200
- Low (80%)
- $35,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,950
- Low (80%)
- $39,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,700
- Low (80%)
- $44,300
- Extremely Low (30%)
- $29,950
- Very Low (50%)
- $29,950
- Low (80%)
- $47,850
- Extremely Low (30%)
- $32,150
- Very Low (50%)
- $32,150
- Low (80%)
- $51,400
- Extremely Low (30%)
- $34,350
- Very Low (50%)
- $34,350
- Low (80%)
- $54,950
- Extremely Low (30%)
- $36,600
- Very Low (50%)
- $36,600
- Low (80%)
- $58,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,400 | $31,050 |
| 2 Persons | $17,420 | $22,200 | $35,450 |
| 3 Persons | $21,960 | $24,950 | $39,900 |
| 4 Persons | $26,500 | $27,700 | $44,300 |
| 5 Persons | $29,950 | $29,950 | $47,850 |
| 6 Persons | $32,150 | $32,150 | $51,400 |
| 7 Persons | $34,350 | $34,350 | $54,950 |
| 8 Persons | $36,600 | $36,600 | $58,500 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Floral City, FL?+
The Fair Market Rent (FMR) for Citrus County, FL is: $848 (Studio), $853 (1BR), $1116 (2BR), $1554 (3BR), $1894 (4BR). Actual rent at subsidized properties like Floral Oaks is typically 30% of household income or less.
What size apartments are available at Floral Oaks?+
Floral Oaks offers the following unit types: 28 One-Bedroom, 8 Two-Bedroom units, for a total of 36 units.
What is the price range for apartments in Floral City, FL?+
Based on Fair Market Rent for Citrus County, the estimated price range is: 1-bedroom: $853, 2-bedroom: $1116. Actual rent at Floral Oaks may be lower for income-eligible households.
Who is eligible to live at Floral Oaks?+
Floral Oaks primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Citrus County, FL?+
For a 4-person household in Citrus County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,700, Low Income (80% AMI): $44,300. These limits are set by HUD and updated annually.
How do I apply for housing at Floral Oaks?+
Floral Oaks 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 Floral Oaks?+
Floral Oaks is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
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Nearby Schools
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