About This Property
Panasoffkee I offers 36 low-income residential units in Lake Panasoffkee, Florida, located in Sumter County. The property contains affordable housing options for qualifying residents.
Property Details
Fair Market Rent - Sumter 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 | $945 |
| 1 Bedroom | $951 |
| 2 Bedroom | $1,250 |
| 3 Bedroom | $1,572 |
| 4 Bedroom | $1,665 |
Income Limits - Sumter County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,150
- Very Low (50%)
- $23,600
- Low (80%)
- $37,700
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,950
- Low (80%)
- $43,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,300
- Low (80%)
- $48,500
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,650
- Low (80%)
- $53,850
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,350
- Low (80%)
- $58,200
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,050
- Low (80%)
- $62,500
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,750
- Low (80%)
- $66,800
- Extremely Low (30%)
- $44,450
- Very Low (50%)
- $44,450
- Low (80%)
- $71,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,150 | $23,600 | $37,700 |
| 2 Persons | $17,420 | $26,950 | $43,100 |
| 3 Persons | $21,960 | $30,300 | $48,500 |
| 4 Persons | $26,500 | $33,650 | $53,850 |
| 5 Persons | $31,040 | $36,350 | $58,200 |
| 6 Persons | $35,580 | $39,050 | $62,500 |
| 7 Persons | $40,120 | $41,750 | $66,800 |
| 8 Persons | $44,450 | $44,450 | $71,100 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lake Panasoffkee, FL?+
The Fair Market Rent (FMR) for Sumter County, FL is: $945 (Studio), $951 (1BR), $1250 (2BR), $1572 (3BR), $1665 (4BR). Actual rent at subsidized properties like Panasoffkee I is typically 30% of household income or less.
What are the income limits for affordable housing in Sumter County, FL?+
For a 4-person household in Sumter County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,650, Low Income (80% AMI): $53,850. These limits are set by HUD and updated annually.
Who manages Panasoffkee I?+
Panasoffkee I is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Panasoffkee I?+
Panasoffkee I 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.
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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