About This Property
Boynton Bay is a 240-unit affordable housing community in Boynton Beach, Florida that has served elderly residents since 2008. The community offers a mix of floor plans including 56 one-bedroom, 136 two-bedroom, and 48 three-bedroom units funded through tax-exempt bonds and 4% Low-Income Housing Tax Credits. All units are designated as low-income housing.
Property Details
Fair Market Rent - Palm Beach 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 | $1,573 |
| 1 Bedroom | $1,851 |
| 2 Bedroom | $2,226 |
| 3 Bedroom | $2,942 |
| 4 Bedroom | $3,556 |
Income Limits - Palm Beach County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,000
- Very Low (50%)
- $30,000
- Low (80%)
- $47,950
- Extremely Low (30%)
- $20,600
- Very Low (50%)
- $34,250
- Low (80%)
- $54,800
- Extremely Low (30%)
- $23,150
- Very Low (50%)
- $38,550
- Low (80%)
- $61,650
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $42,800
- Low (80%)
- $68,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $46,250
- Low (80%)
- $74,000
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $49,650
- Low (80%)
- $79,500
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $53,100
- Low (80%)
- $84,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $56,500
- Low (80%)
- $90,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,000 | $30,000 | $47,950 |
| 2 Persons | $20,600 | $34,250 | $54,800 |
| 3 Persons | $23,150 | $38,550 | $61,650 |
| 4 Persons | $26,500 | $42,800 | $68,500 |
| 5 Persons | $31,040 | $46,250 | $74,000 |
| 6 Persons | $35,580 | $49,650 | $79,500 |
| 7 Persons | $40,120 | $53,100 | $84,950 |
| 8 Persons | $44,660 | $56,500 | $90,450 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Boynton Beach, FL?+
The Fair Market Rent (FMR) for Palm Beach County, FL is: $1573 (Studio), $1851 (1BR), $2226 (2BR), $2942 (3BR), $3556 (4BR). Actual rent at subsidized properties like Boynton Bay is typically 30% of household income or less.
What size apartments are available at Boynton Bay?+
Boynton Bay offers the following unit types: 56 One-Bedroom, 136 Two-Bedroom, 48 Three-Bedroom units, for a total of 240 units.
Who manages Boynton Bay?+
Boynton Bay is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Boynton Bay?+
Boynton Bay primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Palm Beach County, FL?+
For a 4-person household in Palm Beach County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $42,800, Low Income (80% AMI): $68,500. These limits are set by HUD and updated annually.
How do I apply for housing at Boynton Bay?+
Boynton Bay 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 Boynton Beach, FL?+
Based on Fair Market Rent for Palm Beach County, the estimated price range is: 1-bedroom: $1851, 2-bedroom: $2226, 3-bedroom: $2942. Actual rent at Boynton Bay may be lower for income-eligible households.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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