About This Property
Gadsden Arms comprises 100 low-income rental units in Quincy, Florida, serving families with a unit mix of 28 two-bedroom and 72 three-bedroom apartments. The property was placed in service in 2008 and is financed through a 9% Low-Income Housing Tax Credit. The community is managed by [property management company name].
Property Details
Fair Market Rent - Gadsden 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 | $1,062 |
| 1 Bedroom | $1,183 |
| 2 Bedroom | $1,339 |
| 3 Bedroom | $1,708 |
| 4 Bedroom | $1,903 |
Income Limits - Gadsden County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,050
- Very Low (50%)
- $26,750
- Low (80%)
- $42,750
- Extremely Low (30%)
- $18,350
- Very Low (50%)
- $30,550
- Low (80%)
- $48,850
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,350
- Low (80%)
- $54,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,150
- Low (80%)
- $61,050
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,250
- Low (80%)
- $65,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,300
- Low (80%)
- $70,850
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,350
- Low (80%)
- $75,750
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $50,400
- Low (80%)
- $80,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,050 | $26,750 | $42,750 |
| 2 Persons | $18,350 | $30,550 | $48,850 |
| 3 Persons | $21,960 | $34,350 | $54,950 |
| 4 Persons | $26,500 | $38,150 | $61,050 |
| 5 Persons | $31,040 | $41,250 | $65,950 |
| 6 Persons | $35,580 | $44,300 | $70,850 |
| 7 Persons | $40,120 | $47,350 | $75,750 |
| 8 Persons | $44,660 | $50,400 | $80,600 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Quincy, FL?+
The Fair Market Rent (FMR) for Gadsden County, FL is: $1062 (Studio), $1183 (1BR), $1339 (2BR), $1708 (3BR), $1903 (4BR). Actual rent at subsidized properties like Gadsden Arms is typically 30% of household income or less.
What size apartments are available at Gadsden Arms?+
Gadsden Arms offers the following unit types: 28 Two-Bedroom, 72 Three-Bedroom units, for a total of 100 units.
Who is eligible to live at Gadsden Arms?+
Gadsden Arms 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 Gadsden Arms?+
Gadsden Arms 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 are the income limits for affordable housing in Gadsden County, FL?+
For a 4-person household in Gadsden County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,150, Low Income (80% AMI): $61,050. These limits are set by HUD and updated annually.
Who manages Gadsden Arms?+
Gadsden Arms is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Quincy, FL?+
Based on Fair Market Rent for Gadsden County, the estimated price range is: 2-bedroom: $1339, 3-bedroom: $1708. Actual rent at Gadsden Arms may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
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