About This Property
Magnolia Crossing offers 56 low-income units in PACE, FL, with a unit mix of eight 1-bedroom, twenty-four 2-bedroom, and twenty-four 3-bedroom apartments designed to serve families. The property has been in service since 2007 and is funded through tax-exempt bonds and 4% LIHTC credits. This affordable housing community provides rental options for households meeting low-income eligibility requirements.
Property Details
Fair Market Rent - Santa Rosa 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 | $1,048 |
| 1 Bedroom | $1,098 |
| 2 Bedroom | $1,278 |
| 3 Bedroom | $1,747 |
| 4 Bedroom | $2,167 |
Income Limits - Santa Rosa County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,550
- Very Low (50%)
- $24,200
- Low (80%)
- $38,750
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,650
- Low (80%)
- $44,250
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,100
- Low (80%)
- $49,800
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,550
- Low (80%)
- $55,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,350
- Low (80%)
- $59,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,100
- Low (80%)
- $64,150
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,850
- Low (80%)
- $68,600
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $45,650
- Low (80%)
- $73,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,550 | $24,200 | $38,750 |
| 2 Persons | $17,420 | $27,650 | $44,250 |
| 3 Persons | $21,960 | $31,100 | $49,800 |
| 4 Persons | $26,500 | $34,550 | $55,300 |
| 5 Persons | $31,040 | $37,350 | $59,750 |
| 6 Persons | $35,580 | $40,100 | $64,150 |
| 7 Persons | $40,120 | $42,850 | $68,600 |
| 8 Persons | $44,660 | $45,650 | $73,000 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Pace, FL?+
The Fair Market Rent (FMR) for Santa Rosa County, FL is: $1048 (Studio), $1098 (1BR), $1278 (2BR), $1747 (3BR), $2167 (4BR). Actual rent at subsidized properties like Magnolia Crossing is typically 30% of household income or less.
What size apartments are available at Magnolia Crossing?+
Magnolia Crossing offers the following unit types: 8 One-Bedroom, 24 Two-Bedroom, 24 Three-Bedroom units, for a total of 56 units.
What are the income limits for affordable housing in Santa Rosa County, FL?+
For a 4-person household in Santa Rosa County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,550, Low Income (80% AMI): $55,300. These limits are set by HUD and updated annually.
Who manages Magnolia Crossing?+
Magnolia Crossing is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Pace, FL?+
Based on Fair Market Rent for Santa Rosa County, the estimated price range is: 1-bedroom: $1098, 2-bedroom: $1278, 3-bedroom: $1747. Actual rent at Magnolia Crossing may be lower for income-eligible households.
Who is eligible to live at Magnolia Crossing?+
Magnolia Crossing primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Magnolia Crossing?+
Magnolia Crossing 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
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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