About This Property
Richey Woods contains 95 units in New Port Richey, Florida, with 83 units designated as low-income housing. The property, placed in service in 2014 and financed through 9% Low-Income Housing Tax Credits, serves families and elderly residents across a mix of unit sizes: 32 one-bedroom, 18 two-bedroom, 18 three-bedroom, and 32 four-bedroom units.
Property Details
Fair Market Rent - Pasco 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 | $1,449 |
| 1 Bedroom | $1,562 |
| 2 Bedroom | $1,851 |
| 3 Bedroom | $2,367 |
| 4 Bedroom | $2,888 |
Income Limits - Pasco County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,550
- Very Low (50%)
- $25,850
- Low (80%)
- $41,350
- Extremely Low (30%)
- $17,750
- Very Low (50%)
- $29,550
- Low (80%)
- $47,250
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,250
- Low (80%)
- $53,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,900
- Low (80%)
- $59,050
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,900
- Low (80%)
- $63,800
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,850
- Low (80%)
- $68,500
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,800
- Low (80%)
- $73,250
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,750
- Low (80%)
- $77,950
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,550 | $25,850 | $41,350 |
| 2 Persons | $17,750 | $29,550 | $47,250 |
| 3 Persons | $21,960 | $33,250 | $53,150 |
| 4 Persons | $26,500 | $36,900 | $59,050 |
| 5 Persons | $31,040 | $39,900 | $63,800 |
| 6 Persons | $35,580 | $42,850 | $68,500 |
| 7 Persons | $40,120 | $45,800 | $73,250 |
| 8 Persons | $44,660 | $48,750 | $77,950 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in New Port Richey, FL?+
The Fair Market Rent (FMR) for Pasco County, FL is: $1449 (Studio), $1562 (1BR), $1851 (2BR), $2367 (3BR), $2888 (4BR). Actual rent at subsidized properties like Richey Woods is typically 30% of household income or less.
What size apartments are available at Richey Woods?+
Richey Woods offers the following unit types: 32 One-Bedroom, 18 Two-Bedroom, 18 Three-Bedroom, 32 Four-Bedroom units, for a total of 95 units.
What are the income limits for affordable housing in Pasco County, FL?+
For a 4-person household in Pasco County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,900, Low Income (80% AMI): $59,050. These limits are set by HUD and updated annually.
What is the price range for apartments in New Port Richey, FL?+
Based on Fair Market Rent for Pasco County, the estimated price range is: 1-bedroom: $1562, 2-bedroom: $1851, 3-bedroom: $2367. Actual rent at Richey Woods may be lower for income-eligible households.
Who is eligible to live at Richey Woods?+
Richey Woods primarily serves families, elderly residents, LINK. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Richey Woods?+
Richey Woods is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Richey Woods?+
Richey Woods 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
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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