About This Property
Palmetto Trace comprises 196 low-income units in Palmetto, FL, serving families with a mix of 132 two-bedroom and 64 three-bedroom apartments. The property was placed in service in 1994 and utilizes 9% Low-Income Housing Tax Credits. Residents have access to family-oriented housing options in Manatee County.
Property Details
Fair Market Rent - Manatee 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 | $1,230 |
| 1 Bedroom | $1,502 |
| 2 Bedroom | $1,815 |
| 3 Bedroom | $2,416 |
| 4 Bedroom | $2,875 |
Income Limits - Manatee County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,250
- Very Low (50%)
- $27,050
- Low (80%)
- $43,250
- Extremely Low (30%)
- $18,550
- Very Low (50%)
- $30,900
- Low (80%)
- $49,400
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,750
- Low (80%)
- $55,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,600
- Low (80%)
- $61,750
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,700
- Low (80%)
- $66,700
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,800
- Low (80%)
- $71,650
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,900
- Low (80%)
- $76,600
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $51,000
- Low (80%)
- $81,550
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,250 | $27,050 | $43,250 |
| 2 Persons | $18,550 | $30,900 | $49,400 |
| 3 Persons | $21,960 | $34,750 | $55,600 |
| 4 Persons | $26,500 | $38,600 | $61,750 |
| 5 Persons | $31,040 | $41,700 | $66,700 |
| 6 Persons | $35,580 | $44,800 | $71,650 |
| 7 Persons | $40,120 | $47,900 | $76,600 |
| 8 Persons | $44,660 | $51,000 | $81,550 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Palmetto, FL?+
The Fair Market Rent (FMR) for Manatee County, FL is: $1230 (Studio), $1502 (1BR), $1815 (2BR), $2416 (3BR), $2875 (4BR). Actual rent at subsidized properties like Palmetto Trace is typically 30% of household income or less.
What size apartments are available at Palmetto Trace?+
Palmetto Trace offers the following unit types: 132 Two-Bedroom, 64 Three-Bedroom units, for a total of 196 units.
Who is eligible to live at Palmetto Trace?+
Palmetto Trace primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Palmetto, FL?+
Based on Fair Market Rent for Manatee County, the estimated price range is: 2-bedroom: $1815, 3-bedroom: $2416. Actual rent at Palmetto Trace may be lower for income-eligible households.
How do I apply for housing at Palmetto Trace?+
Palmetto Trace 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.
Who manages Palmetto Trace?+
Palmetto Trace is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Manatee County, FL?+
For a 4-person household in Manatee County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,600, Low Income (80% AMI): $61,750. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Palmetto Trace
510 11th Avenue West
Bradenton, FL
1 Units
Housing Authority of the City of Bradenton
Bradenton, FL
447 UnitsGrand Palms
Bradenton, FL
72 Units524 11th Avenue West
Bradenton, FL
1 UnitsBradenton Village Ii
Bradenton, FL
36 UnitsVillage Central
Bradenton, FL
25 Units