About This Property
Palmetto Villas comprises 49 units in Palmetto, Florida, with 48 units designated as low-income housing. The property has been in service since 1994 and receives 4% Low-Income Housing Tax Credit financing.
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 Villas is typically 30% of household income or less.
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.
Who manages Palmetto Villas?+
Palmetto Villas is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Palmetto Villas?+
Palmetto Villas 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
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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