About This Property
Portofino in Palm Springs, Florida contains 270 units, with 254 designated as low-income housing serving families. The property offers a mix of one, two, and three-bedroom units, including 66 one-bedroom, 120 two-bedroom, and 84 three-bedroom apartments. Placed in service in 2004, the community utilizes 4% Low Income Housing Tax Credits and receives funding through tax-exempt bonds and FHA financing.
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 Palm Springs, 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 Portofino is typically 30% of household income or less.
What size apartments are available at Portofino?+
Portofino offers the following unit types: 66 One-Bedroom, 120 Two-Bedroom, 84 Three-Bedroom units, for a total of 270 units.
How do I apply for housing at Portofino?+
Portofino 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 Portofino?+
Portofino primarily serves families, LINK. 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.
Who manages Portofino?+
Portofino is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Palm Springs, 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 Portofino may be lower for income-eligible households.
Contact Information
Location
Palm Beach County, FL
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