About This Property
Banyan Court offers 85 low-income residential units in Lake Worth, Florida, comprising 43 two-bedroom and 42 three-bedroom apartments. The property was placed in service in 2019 and utilizes 4% Low-Income Housing Tax Credits (LIHTC) to support affordability. Professional management operates the community to serve residents in Palm Beach County.
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 Lake Worth, 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 Banyan Court is typically 30% of household income or less.
What size apartments are available at Banyan Court?+
Banyan Court offers the following unit types: 43 Two-Bedroom, 42 Three-Bedroom units, for a total of 85 units.
What is the price range for apartments in Lake Worth, FL?+
Based on Fair Market Rent for Palm Beach County, the estimated price range is: 2-bedroom: $2226, 3-bedroom: $2942. Actual rent at Banyan Court may be lower for income-eligible households.
Who manages Banyan Court?+
Banyan Court is managed by . You can reach them at . Visit their website for more information.
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 Banyan Court?+
Banyan Court 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
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Banyan Court
Seminole Estate Apt. & Schall 2 Sites
Lake Worth, FL
1 UnitsSunny Hills Homesites
Lantana, FL
31 UnitsLa Joya Villages
Lake Worth, FL
55 UnitsCongress Park
Lake Worth, FL
288 UnitsVillas At Cove Crossing
Lantana, FL
94 UnitsColonial Lakes
Lake Worth, FL
120 Units