About This Property
Highlands Cove I contains 64 low-income rental units in Lake Placid, Florida, serving families through a mix of 24 two-bedroom, 20 three-bedroom, and 20 four-bedroom apartments. The property was placed in service in 2011 and utilizes 9% Low-Income Housing Tax Credits to support its affordability mission. This community offers housing options for families of varying sizes in Highlands County.
Property Details
Fair Market Rent - Highlands 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 | $757 |
| 1 Bedroom | $850 |
| 2 Bedroom | $1,117 |
| 3 Bedroom | $1,391 |
| 4 Bedroom | $1,831 |
Income Limits - Highlands County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,400
- Low (80%)
- $31,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,200
- Low (80%)
- $35,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,950
- Low (80%)
- $39,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,700
- Low (80%)
- $44,300
- Extremely Low (30%)
- $29,950
- Very Low (50%)
- $29,950
- Low (80%)
- $47,850
- Extremely Low (30%)
- $32,150
- Very Low (50%)
- $32,150
- Low (80%)
- $51,400
- Extremely Low (30%)
- $34,350
- Very Low (50%)
- $34,350
- Low (80%)
- $54,950
- Extremely Low (30%)
- $36,600
- Very Low (50%)
- $36,600
- Low (80%)
- $58,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,400 | $31,050 |
| 2 Persons | $17,420 | $22,200 | $35,450 |
| 3 Persons | $21,960 | $24,950 | $39,900 |
| 4 Persons | $26,500 | $27,700 | $44,300 |
| 5 Persons | $29,950 | $29,950 | $47,850 |
| 6 Persons | $32,150 | $32,150 | $51,400 |
| 7 Persons | $34,350 | $34,350 | $54,950 |
| 8 Persons | $36,600 | $36,600 | $58,500 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lake Placid, FL?+
The Fair Market Rent (FMR) for Highlands County, FL is: $757 (Studio), $850 (1BR), $1117 (2BR), $1391 (3BR), $1831 (4BR). Actual rent at subsidized properties like Highlands Cove I is typically 30% of household income or less.
What size apartments are available at Highlands Cove I?+
Highlands Cove I offers the following unit types: 24 Two-Bedroom, 20 Three-Bedroom, 20 Four-Bedroom units, for a total of 64 units.
What is the price range for apartments in Lake Placid, FL?+
Based on Fair Market Rent for Highlands County, the estimated price range is: 2-bedroom: $1117, 3-bedroom: $1391. Actual rent at Highlands Cove I may be lower for income-eligible households.
What are the income limits for affordable housing in Highlands County, FL?+
For a 4-person household in Highlands County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,700, Low Income (80% AMI): $44,300. These limits are set by HUD and updated annually.
Who is eligible to live at Highlands Cove I?+
Highlands Cove I primarily serves families, LINK. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Highlands Cove I?+
Highlands Cove I is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Highlands Cove I?+
Highlands Cove I 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
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.