About This Property
Rainbow Gardens offers 37 low-income rental units in Dunnellon, Florida, serving families in Marion County. The property has been in service since 1993 and operates under 9% Low-Income Housing Tax Credit (LIHTC) financing.
Property Details
Fair Market Rent - Marion 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 | $949 |
| 1 Bedroom | $1,043 |
| 2 Bedroom | $1,266 |
| 3 Bedroom | $1,619 |
| 4 Bedroom | $1,768 |
Income Limits - Marion County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,500
- Low (80%)
- $31,150
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,250
- Low (80%)
- $35,600
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $25,050
- Low (80%)
- $40,050
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,800
- Low (80%)
- $44,500
- Extremely Low (30%)
- $30,050
- Very Low (50%)
- $30,050
- Low (80%)
- $48,100
- Extremely Low (30%)
- $32,250
- Very Low (50%)
- $32,250
- Low (80%)
- $51,650
- Extremely Low (30%)
- $34,500
- Very Low (50%)
- $34,500
- Low (80%)
- $55,200
- Extremely Low (30%)
- $36,700
- Very Low (50%)
- $36,700
- Low (80%)
- $58,750
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,500 | $31,150 |
| 2 Persons | $17,420 | $22,250 | $35,600 |
| 3 Persons | $21,960 | $25,050 | $40,050 |
| 4 Persons | $26,500 | $27,800 | $44,500 |
| 5 Persons | $30,050 | $30,050 | $48,100 |
| 6 Persons | $32,250 | $32,250 | $51,650 |
| 7 Persons | $34,500 | $34,500 | $55,200 |
| 8 Persons | $36,700 | $36,700 | $58,750 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Dunnellon, FL?+
The Fair Market Rent (FMR) for Marion County, FL is: $949 (Studio), $1043 (1BR), $1266 (2BR), $1619 (3BR), $1768 (4BR). Actual rent at subsidized properties like Rainbow Gardens is typically 30% of household income or less.
What are the income limits for affordable housing in Marion County, FL?+
For a 4-person household in Marion County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,800, Low Income (80% AMI): $44,500. These limits are set by HUD and updated annually.
How do I apply for housing at Rainbow Gardens?+
Rainbow Gardens 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 is eligible to live at Rainbow Gardens?+
Rainbow Gardens primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Rainbow Gardens?+
Rainbow Gardens is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
