About This Property
Panasoffkee II is a 28-unit affordable housing community in Lake Panasoffkee, Florida that serves families. The property was placed in service in 1998 and operates as a low-income housing tax credit development. Nine percent LIHTC financing structures this Sumter County community.
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 Ii 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 is eligible to live at Panasoffkee Ii?+
Panasoffkee Ii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Panasoffkee Ii?+
Panasoffkee Ii is managed by . You can reach them at .
How do I apply for housing at Panasoffkee Ii?+
Panasoffkee Ii is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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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