About This Property
Cove At Lady Lake provides 176 low-income units in Lady Lake, Florida, with a unit mix of 32 one-bedroom, 80 two-bedroom, 32 three-bedroom, and 32 four-bedroom apartments. The property has been in service since 2006 and serves families through 4% Low-Income Housing Tax Credit financing. This community was funded through tax-exempt bonds.
Property Details
Fair Market Rent - Lake 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 | $1,558 |
| 1 Bedroom | $1,638 |
| 2 Bedroom | $1,857 |
| 3 Bedroom | $2,362 |
| 4 Bedroom | $2,849 |
Income Limits - Lake 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 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lady Lake, FL?+
The Fair Market Rent (FMR) for Lake County, FL is: $1558 (Studio), $1638 (1BR), $1857 (2BR), $2362 (3BR), $2849 (4BR). Actual rent at subsidized properties like Cove At Lady Lake is typically 30% of household income or less.
What size apartments are available at Cove At Lady Lake?+
Cove At Lady Lake offers the following unit types: 32 One-Bedroom, 80 Two-Bedroom, 32 Three-Bedroom, 32 Four-Bedroom units, for a total of 176 units.
Who is eligible to live at Cove At Lady Lake?+
Cove At Lady Lake 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 Lake County, FL?+
For a 4-person household in Lake 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 Cove At Lady Lake?+
Cove At Lady Lake is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Lady Lake, FL?+
Based on Fair Market Rent for Lake County, the estimated price range is: 1-bedroom: $1638, 2-bedroom: $1857, 3-bedroom: $2362. Actual rent at Cove At Lady Lake may be lower for income-eligible households.
How do I apply for housing at Cove At Lady Lake?+
Cove At Lady Lake 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
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Cove At Lady Lake
Lake North Apts Ii
Lady Lake, FL
36 UnitsRolling Acres Ii
Lady Lake, FL
35 UnitsRolling Acres I
Lady Lake, FL
104 UnitsLakewood Villas of Lady Lake
Lady Lake, FL
36 UnitsCypress Oaks
Leesburg, FL
140 UnitsCrossings At Leesburg
Leesburg, FL
168 Units