About This Property
Riley Chase offers 312 units across North Port in Sarasota County, with 309 designated as low-income housing. The community features a mix of floor plans including 72 one-bedroom, 156 two-bedroom, and 84 three-bedroom units, and has been in service since 2001. The property is financed through tax-exempt bonds and utilizes 4% LIHTC credits.
Property Details
Fair Market Rent - Sarasota 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 | $1,230 |
| 1 Bedroom | $1,502 |
| 2 Bedroom | $1,815 |
| 3 Bedroom | $2,416 |
| 4 Bedroom | $2,875 |
Income Limits - Sarasota County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,250
- Very Low (50%)
- $27,050
- Low (80%)
- $43,250
- Extremely Low (30%)
- $18,550
- Very Low (50%)
- $30,900
- Low (80%)
- $49,400
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,750
- Low (80%)
- $55,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,600
- Low (80%)
- $61,750
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,700
- Low (80%)
- $66,700
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,800
- Low (80%)
- $71,650
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,900
- Low (80%)
- $76,600
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $51,000
- Low (80%)
- $81,550
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,250 | $27,050 | $43,250 |
| 2 Persons | $18,550 | $30,900 | $49,400 |
| 3 Persons | $21,960 | $34,750 | $55,600 |
| 4 Persons | $26,500 | $38,600 | $61,750 |
| 5 Persons | $31,040 | $41,700 | $66,700 |
| 6 Persons | $35,580 | $44,800 | $71,650 |
| 7 Persons | $40,120 | $47,900 | $76,600 |
| 8 Persons | $44,660 | $51,000 | $81,550 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in North Port, FL?+
The Fair Market Rent (FMR) for Sarasota County, FL is: $1230 (Studio), $1502 (1BR), $1815 (2BR), $2416 (3BR), $2875 (4BR). Actual rent at subsidized properties like Riley Chase is typically 30% of household income or less.
What size apartments are available at Riley Chase?+
Riley Chase offers the following unit types: 72 One-Bedroom, 156 Two-Bedroom, 84 Three-Bedroom units, for a total of 312 units.
What is the price range for apartments in North Port, FL?+
Based on Fair Market Rent for Sarasota County, the estimated price range is: 1-bedroom: $1502, 2-bedroom: $1815, 3-bedroom: $2416. Actual rent at Riley Chase may be lower for income-eligible households.
How do I apply for housing at Riley Chase?+
Riley Chase 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 manages Riley Chase?+
Riley Chase is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Sarasota County, FL?+
For a 4-person household in Sarasota County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,600, Low Income (80% AMI): $61,750. These limits are set by HUD and updated annually.
Contact Information
Location
Sarasota County, FL
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