About This Property
Silver Oaks Village comprises 260 low-income rental units in Silver Springs, Florida, serving families with a mix of 18 one-bedroom and 242 two-bedroom apartments. The property has been in service since 2005 and receives funding through tax-exempt bonds and 4% Low-Income Housing Tax Credits. Units at Silver Oaks Village are restricted for households meeting low-income eligibility requirements.
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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Silver Springs, 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 Silver Oaks Village is typically 30% of household income or less.
What size apartments are available at Silver Oaks Village?+
Silver Oaks Village offers the following unit types: 18 One-Bedroom, 242 Two-Bedroom units, for a total of 260 units.
Who manages Silver Oaks Village?+
Silver Oaks Village is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Silver Oaks Village?+
Silver Oaks Village primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Silver Oaks Village?+
Silver Oaks Village 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 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.
What is the price range for apartments in Silver Springs, FL?+
Based on Fair Market Rent for Marion County, the estimated price range is: 1-bedroom: $1043, 2-bedroom: $1266. Actual rent at Silver Oaks Village may be lower for income-eligible households.
Contact Information
Walk Score
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Nearby Schools
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