About This Property
Carrabelle Cove offers 32 low-income units in Carrabelle, FL and has been in service since 1992. The property is financed through 4% Low-Income Housing Tax Credits and serves Franklin County residents. Interested parties may contact the property management for additional information.
Property Details
Fair Market Rent - Franklin 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 | $792 |
| 1 Bedroom | $814 |
| 2 Bedroom | $914 |
| 3 Bedroom | $1,273 |
| 4 Bedroom | $1,277 |
Income Limits - Franklin County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,350
- Low (80%)
- $32,550
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,250
- Low (80%)
- $37,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,150
- Low (80%)
- $41,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,050
- Low (80%)
- $46,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $31,400
- Low (80%)
- $50,250
- Extremely Low (30%)
- $33,700
- Very Low (50%)
- $33,700
- Low (80%)
- $53,950
- Extremely Low (30%)
- $36,050
- Very Low (50%)
- $36,050
- Low (80%)
- $57,700
- Extremely Low (30%)
- $38,350
- Very Low (50%)
- $38,350
- Low (80%)
- $61,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,350 | $32,550 |
| 2 Persons | $17,420 | $23,250 | $37,200 |
| 3 Persons | $21,960 | $26,150 | $41,850 |
| 4 Persons | $26,500 | $29,050 | $46,500 |
| 5 Persons | $31,040 | $31,400 | $50,250 |
| 6 Persons | $33,700 | $33,700 | $53,950 |
| 7 Persons | $36,050 | $36,050 | $57,700 |
| 8 Persons | $38,350 | $38,350 | $61,400 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Carrabelle, FL?+
The Fair Market Rent (FMR) for Franklin County, FL is: $792 (Studio), $814 (1BR), $914 (2BR), $1273 (3BR), $1277 (4BR). Actual rent at subsidized properties like Carrabelle Cove is typically 30% of household income or less.
What are the income limits for affordable housing in Franklin County, FL?+
For a 4-person household in Franklin County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,050, Low Income (80% AMI): $46,500. These limits are set by HUD and updated annually.
Who manages Carrabelle Cove?+
Carrabelle Cove is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Carrabelle Cove?+
Carrabelle 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.
Contact Information
Walk Score
Car-Dependent
