About This Property
Wildwood Terrace consists of 40 low-income residential units in Wildwood, Florida. The property was placed in service in 1991 and utilizes 4% Low-Income Housing Tax Credits to support affordable housing operations. A property manager oversees the day-to-day management and maintenance of the 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 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Wildwood, 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 Wildwood Terrace 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.
How do I apply for housing at Wildwood Terrace?+
Wildwood Terrace 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 Wildwood Terrace?+
Wildwood Terrace is managed by . You can reach them at . Visit their website for more information.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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