About This Property
Regal Pointe Apts comprises 284 units in Lake Mary, Florida, with 283 designated as low-income housing. The property offers a mix of one- to four-bedroom floor plans, including 36 one-bedroom, 152 two-bedroom, 72 three-bedroom, and 24 four-bedroom units. Built in 1998, the community receives funding through tax-exempt bonds and operates under the 4% Low-Income Housing Tax Credit program.
Property Details
Fair Market Rent - Seminole 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 | $1,558 |
| 1 Bedroom | $1,638 |
| 2 Bedroom | $1,857 |
| 3 Bedroom | $2,362 |
| 4 Bedroom | $2,849 |
Income Limits - Seminole County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,050
- Very Low (50%)
- $26,750
- Low (80%)
- $42,750
- Extremely Low (30%)
- $18,350
- Very Low (50%)
- $30,550
- Low (80%)
- $48,850
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,350
- Low (80%)
- $54,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,150
- Low (80%)
- $61,050
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,250
- Low (80%)
- $65,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,300
- Low (80%)
- $70,850
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,350
- Low (80%)
- $75,750
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $50,400
- Low (80%)
- $80,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,050 | $26,750 | $42,750 |
| 2 Persons | $18,350 | $30,550 | $48,850 |
| 3 Persons | $21,960 | $34,350 | $54,950 |
| 4 Persons | $26,500 | $38,150 | $61,050 |
| 5 Persons | $31,040 | $41,250 | $65,950 |
| 6 Persons | $35,580 | $44,300 | $70,850 |
| 7 Persons | $40,120 | $47,350 | $75,750 |
| 8 Persons | $44,660 | $50,400 | $80,600 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lake Mary, FL?+
The Fair Market Rent (FMR) for Seminole County, FL is: $1558 (Studio), $1638 (1BR), $1857 (2BR), $2362 (3BR), $2849 (4BR). Actual rent at subsidized properties like Regal Pointe Apts is typically 30% of household income or less.
What size apartments are available at Regal Pointe Apts?+
Regal Pointe Apts offers the following unit types: 36 One-Bedroom, 152 Two-Bedroom, 72 Three-Bedroom, 24 Four-Bedroom units, for a total of 284 units.
How do I apply for housing at Regal Pointe Apts?+
Regal Pointe Apts 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 Regal Pointe Apts?+
Regal Pointe Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Lake Mary, FL?+
Based on Fair Market Rent for Seminole County, the estimated price range is: 1-bedroom: $1638, 2-bedroom: $1857, 3-bedroom: $2362. Actual rent at Regal Pointe Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Seminole County, FL?+
For a 4-person household in Seminole County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,150, Low Income (80% AMI): $61,050. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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