About This Property
Tower Point comprises 192 low-income rental units in Lake Wales, Polk County, serving families through a mix of two-, three-, and four-bedroom floor plans. The property has been in service since 2003 and operates as a 9% Low-Income Housing Tax Credit development. Unit distribution includes 96 two-bedroom, 80 three-bedroom, and 16 four-bedroom apartments.
Waitlist Information
Waitlist managed by Lake Wales Housing Authority
Public housing provides decent and safe rental housing for eligible low-income families, the elderly, and persons with disabilities. LWHA manages 172 public housing units.
The Housing Choice Voucher program assists very low-income families, the elderly, and the disabled in affording housing in the private market. A housing subsidy is paid to the landlord directly by the PHA.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Polk 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 | $1,006 |
| 1 Bedroom | $1,012 |
| 2 Bedroom | $1,250 |
| 3 Bedroom | $1,679 |
| 4 Bedroom | $2,121 |
Income Limits - Polk County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,950
- Very Low (50%)
- $21,600
- Low (80%)
- $34,550
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,700
- Low (80%)
- $39,500
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,800
- Low (80%)
- $44,450
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $30,850
- Low (80%)
- $49,350
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $33,350
- Low (80%)
- $53,300
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $35,800
- Low (80%)
- $57,250
- Extremely Low (30%)
- $38,300
- Very Low (50%)
- $38,300
- Low (80%)
- $61,200
- Extremely Low (30%)
- $40,750
- Very Low (50%)
- $40,750
- Low (80%)
- $65,150
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,950 | $21,600 | $34,550 |
| 2 Persons | $17,420 | $24,700 | $39,500 |
| 3 Persons | $21,960 | $27,800 | $44,450 |
| 4 Persons | $26,500 | $30,850 | $49,350 |
| 5 Persons | $31,040 | $33,350 | $53,300 |
| 6 Persons | $35,580 | $35,800 | $57,250 |
| 7 Persons | $38,300 | $38,300 | $61,200 |
| 8 Persons | $40,750 | $40,750 | $65,150 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lake Wales, FL?+
The Fair Market Rent (FMR) for Polk County, FL is: $1006 (Studio), $1012 (1BR), $1250 (2BR), $1679 (3BR), $2121 (4BR). Actual rent at subsidized properties like Tower Point is typically 30% of household income or less.
What size apartments are available at Tower Point?+
Tower Point offers the following unit types: 96 Two-Bedroom, 80 Three-Bedroom, 16 Four-Bedroom units, for a total of 192 units.
What are the income limits for affordable housing in Polk County, FL?+
For a 4-person household in Polk County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $30,850, Low Income (80% AMI): $49,350. These limits are set by HUD and updated annually.
Is there a waitlist for Tower Point?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who manages Tower Point?+
Tower Point is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Lake Wales, FL?+
Based on Fair Market Rent for Polk County, the estimated price range is: 2-bedroom: $1250, 3-bedroom: $1679. Actual rent at Tower Point may be lower for income-eligible households.
How do I apply for housing at Tower Point?+
Tower Point 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 Tower Point?+
Tower Point primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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