About This Property
Madison Commons contains 160 residential units in Middleburg, Florida, with 158 designated as low-income housing. The property, placed in service in 2001, includes 24 one-bedroom, 80 two-bedroom, and 56 three-bedroom units and is funded through tax-exempt bonds and 4% Low-Income Housing Tax Credits. The community serves Clay County residents seeking affordable rental housing.
Property Details
Fair Market Rent - Clay 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 | $1,240 |
| 1 Bedroom | $1,354 |
| 2 Bedroom | $1,604 |
| 3 Bedroom | $2,027 |
| 4 Bedroom | $2,579 |
Income Limits - Clay County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,750
- Very Low (50%)
- $26,200
- Low (80%)
- $41,900
- Extremely Low (30%)
- $18,000
- Very Low (50%)
- $29,950
- Low (80%)
- $47,900
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,700
- Low (80%)
- $53,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,400
- Low (80%)
- $59,850
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,400
- Low (80%)
- $64,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,400
- Low (80%)
- $69,450
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $46,400
- Low (80%)
- $74,250
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $49,400
- Low (80%)
- $79,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,750 | $26,200 | $41,900 |
| 2 Persons | $18,000 | $29,950 | $47,900 |
| 3 Persons | $21,960 | $33,700 | $53,900 |
| 4 Persons | $26,500 | $37,400 | $59,850 |
| 5 Persons | $31,040 | $40,400 | $64,650 |
| 6 Persons | $35,580 | $43,400 | $69,450 |
| 7 Persons | $40,120 | $46,400 | $74,250 |
| 8 Persons | $44,660 | $49,400 | $79,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Middleburg, FL?+
The Fair Market Rent (FMR) for Clay County, FL is: $1240 (Studio), $1354 (1BR), $1604 (2BR), $2027 (3BR), $2579 (4BR). Actual rent at subsidized properties like Madison Commons is typically 30% of household income or less.
What size apartments are available at Madison Commons?+
Madison Commons offers the following unit types: 24 One-Bedroom, 80 Two-Bedroom, 56 Three-Bedroom units, for a total of 160 units.
What are the income limits for affordable housing in Clay County, FL?+
For a 4-person household in Clay County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,400, Low Income (80% AMI): $59,850. These limits are set by HUD and updated annually.
What is the price range for apartments in Middleburg, FL?+
Based on Fair Market Rent for Clay County, the estimated price range is: 1-bedroom: $1354, 2-bedroom: $1604, 3-bedroom: $2027. Actual rent at Madison Commons may be lower for income-eligible households.
How do I apply for housing at Madison Commons?+
Madison Commons 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 Madison Commons?+
Madison Commons is managed by . You can reach them at . Visit their website for more information.