About This Property
Hammock Ridge is a 104-unit affordable housing community in Spring Hill, Florida that opened in 2018. The property serves families through a mix of 12 one-bedroom, 60 two-bedroom, and 32 three-bedroom apartments and operates with 9% Low-Income Housing Tax Credit financing.
Property Details
Fair Market Rent - Hernando 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 | $1,449 |
| 1 Bedroom | $1,562 |
| 2 Bedroom | $1,851 |
| 3 Bedroom | $2,367 |
| 4 Bedroom | $2,888 |
Income Limits - Hernando County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,550
- Very Low (50%)
- $25,850
- Low (80%)
- $41,350
- Extremely Low (30%)
- $17,750
- Very Low (50%)
- $29,550
- Low (80%)
- $47,250
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,250
- Low (80%)
- $53,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,900
- Low (80%)
- $59,050
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,900
- Low (80%)
- $63,800
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,850
- Low (80%)
- $68,500
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,800
- Low (80%)
- $73,250
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,750
- Low (80%)
- $77,950
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,550 | $25,850 | $41,350 |
| 2 Persons | $17,750 | $29,550 | $47,250 |
| 3 Persons | $21,960 | $33,250 | $53,150 |
| 4 Persons | $26,500 | $36,900 | $59,050 |
| 5 Persons | $31,040 | $39,900 | $63,800 |
| 6 Persons | $35,580 | $42,850 | $68,500 |
| 7 Persons | $40,120 | $45,800 | $73,250 |
| 8 Persons | $44,660 | $48,750 | $77,950 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Spring Hill, FL?+
The Fair Market Rent (FMR) for Hernando County, FL is: $1449 (Studio), $1562 (1BR), $1851 (2BR), $2367 (3BR), $2888 (4BR). Actual rent at subsidized properties like Hammock Ridge is typically 30% of household income or less.
What size apartments are available at Hammock Ridge?+
Hammock Ridge offers the following unit types: 12 One-Bedroom, 60 Two-Bedroom, 32 Three-Bedroom units, for a total of 104 units.
What is the price range for apartments in Spring Hill, FL?+
Based on Fair Market Rent for Hernando County, the estimated price range is: 1-bedroom: $1562, 2-bedroom: $1851, 3-bedroom: $2367. Actual rent at Hammock Ridge may be lower for income-eligible households.
Who is eligible to live at Hammock Ridge?+
Hammock Ridge primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Hammock Ridge?+
Hammock Ridge is managed by . You can reach them at .
How do I apply for housing at Hammock Ridge?+
Hammock Ridge is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 Hernando County, FL?+
For a 4-person household in Hernando County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,900, Low Income (80% AMI): $59,050. These limits are set by HUD and updated annually.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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