About This Property
Park Terrace offers 216 low-income rental units in Tampa, Florida, with a unit mix of 60 one-bedroom, 108 two-bedroom, and 48 three-bedroom apartments designed to serve families. The property has been in service since 2007 and utilizes 9% Low-Income Housing Tax Credits to maintain affordability. The community is managed by [property management company name].
Waitlist Information
Waitlist managed by Tampa Housing Authority
All other Tampa Housing Waitlists are closed.
The waitlist to receive Housing Choice Voucher (Section 8) is closed and will NOT be accepting applications until further notice. Be extremely cautious of scams.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Hillsborough 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 - Hillsborough 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 Tampa, FL?+
The Fair Market Rent (FMR) for Hillsborough County, FL is: $1449 (Studio), $1562 (1BR), $1851 (2BR), $2367 (3BR), $2888 (4BR). Actual rent at subsidized properties like Park Terrace is typically 30% of household income or less.
What size apartments are available at Park Terrace?+
Park Terrace offers the following unit types: 60 One-Bedroom, 108 Two-Bedroom, 48 Three-Bedroom units, for a total of 216 units.
Who manages Park Terrace?+
Park Terrace is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Park Terrace?+
Park Terrace primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Hillsborough County, FL?+
For a 4-person household in Hillsborough 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.
Is there a waitlist for Park Terrace?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
How do I apply for housing at Park Terrace?+
Park Terrace 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 is the price range for apartments in Tampa, FL?+
Based on Fair Market Rent for Hillsborough County, the estimated price range is: 1-bedroom: $1562, 2-bedroom: $1851, 3-bedroom: $2367. Actual rent at Park Terrace may be lower for income-eligible households.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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