About This Property
Tradewinds Hammocks comprises 66 low-income units in Key Largo serving families through a mix of 10 one-bedroom, 36 two-bedroom, and 20 three-bedroom apartments. The property has been in service since 2002 and receives funding through HOME and 9% Low Income Housing Tax Credits. This Monroe County development provides affordable housing options for families in varying unit sizes.
Property Details
Fair Market Rent - Monroe 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 | $1,556 |
| 1 Bedroom | $1,730 |
| 2 Bedroom | $2,139 |
| 3 Bedroom | $2,812 |
| 4 Bedroom | $3,426 |
Income Limits - Monroe County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $21,350
- Very Low (50%)
- $35,600
- Low (80%)
- $56,950
- Extremely Low (30%)
- $24,400
- Very Low (50%)
- $40,700
- Low (80%)
- $65,100
- Extremely Low (30%)
- $27,450
- Very Low (50%)
- $45,800
- Low (80%)
- $73,250
- Extremely Low (30%)
- $30,500
- Very Low (50%)
- $50,850
- Low (80%)
- $81,350
- Extremely Low (30%)
- $32,950
- Very Low (50%)
- $54,950
- Low (80%)
- $87,900
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $59,000
- Low (80%)
- $94,400
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $63,100
- Low (80%)
- $100,900
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $67,150
- Low (80%)
- $107,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $21,350 | $35,600 | $56,950 |
| 2 Persons | $24,400 | $40,700 | $65,100 |
| 3 Persons | $27,450 | $45,800 | $73,250 |
| 4 Persons | $30,500 | $50,850 | $81,350 |
| 5 Persons | $32,950 | $54,950 | $87,900 |
| 6 Persons | $35,580 | $59,000 | $94,400 |
| 7 Persons | $40,120 | $63,100 | $100,900 |
| 8 Persons | $44,660 | $67,150 | $107,400 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Key Largo, FL?+
The Fair Market Rent (FMR) for Monroe County, FL is: $1556 (Studio), $1730 (1BR), $2139 (2BR), $2812 (3BR), $3426 (4BR). Actual rent at subsidized properties like Tradewinds Hammocks is typically 30% of household income or less.
What size apartments are available at Tradewinds Hammocks?+
Tradewinds Hammocks offers the following unit types: 10 One-Bedroom, 36 Two-Bedroom, 20 Three-Bedroom units, for a total of 66 units.
Who manages Tradewinds Hammocks?+
Tradewinds Hammocks is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Tradewinds Hammocks?+
Tradewinds Hammocks 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 Tradewinds Hammocks?+
Tradewinds Hammocks 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 is the price range for apartments in Key Largo, FL?+
Based on Fair Market Rent for Monroe County, the estimated price range is: 1-bedroom: $1730, 2-bedroom: $2139, 3-bedroom: $2812. Actual rent at Tradewinds Hammocks may be lower for income-eligible households.
What are the income limits for affordable housing in Monroe County, FL?+
For a 4-person household in Monroe County, FL, the income limits are: Extremely Low Income (30% AMI): $30,500, Very Low Income (50% AMI): $50,850, Low Income (80% AMI): $81,350. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
