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.
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.
Who manages Panasoffkee Ii?+
Panasoffkee Ii is managed by . You can reach them at .
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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