About This Property
Holly Cove is a 202-unit affordable housing community in Orange Park, Florida, with 162 units designated for low-income residents. The property, which has been in service since 1997, offers a mix of one- through four-bedroom units with 48 one-bedroom, 72 two-bedroom, 74 three-bedroom, and 8 four-bedroom apartments designed to serve families. The community is financed through tax-exempt bonds and FHA funding and utilizes 4% Low-Income Housing Tax Credits.
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 Orange Park, 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 Holly Cove is typically 30% of household income or less.
What size apartments are available at Holly Cove?+
Holly Cove offers the following unit types: 48 One-Bedroom, 72 Two-Bedroom, 74 Three-Bedroom, 8 Four-Bedroom units, for a total of 202 units.
What is the price range for apartments in Orange Park, 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 Holly Cove may be lower for income-eligible households.
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.
Who manages Holly Cove?+
Holly Cove is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Holly Cove?+
Holly Cove primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Holly Cove?+
Holly Cove 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.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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