About This Property
Banyan Cove offers 100 low-income units in DeLand, Florida, with a mix of 50 one-bedroom and 50 two-bedroom apartments that serve families. The property was placed in service in 2019 and utilizes 9% Low-Income Housing Tax Credits to support affordability. The community provides rental housing options for residents with lower incomes in Volusia County.
Waitlist Information
Waitlist managed by Deland Housing Authority
The Laurel Court Senior Apartment waiting list will open on May 19, 2026. Applications will be available at 440 Laurel Ridge Way, DeLand, FL 32724 on May 19 and May 21, 2026, from 9:00 a.m. to 4:00 p.m. Head or co-head of household must be 62 years of age or older.
The Housing Choice Voucher waiting list last accepted applications from June 11, 2024, until 1,000 applications were received. Eligibility is based on income, criminal background, family size, and US citizenship or eligible non-citizen status; applicants are placed on the waiting list by date, time, and local preference if applicable.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Volusia 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 | $958 |
| 1 Bedroom | $1,152 |
| 2 Bedroom | $1,413 |
| 3 Bedroom | $1,865 |
| 4 Bedroom | $1,925 |
Income Limits - Volusia County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,750
- Very Low (50%)
- $22,900
- Low (80%)
- $36,650
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,200
- Low (80%)
- $41,850
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $29,450
- Low (80%)
- $47,100
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $32,700
- Low (80%)
- $52,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $35,350
- Low (80%)
- $56,500
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $37,950
- Low (80%)
- $60,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $40,550
- Low (80%)
- $64,900
- Extremely Low (30%)
- $43,200
- Very Low (50%)
- $43,200
- Low (80%)
- $69,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,750 | $22,900 | $36,650 |
| 2 Persons | $17,420 | $26,200 | $41,850 |
| 3 Persons | $21,960 | $29,450 | $47,100 |
| 4 Persons | $26,500 | $32,700 | $52,300 |
| 5 Persons | $31,040 | $35,350 | $56,500 |
| 6 Persons | $35,580 | $37,950 | $60,700 |
| 7 Persons | $40,120 | $40,550 | $64,900 |
| 8 Persons | $43,200 | $43,200 | $69,050 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Deland, FL?+
The Fair Market Rent (FMR) for Volusia County, FL is: $958 (Studio), $1152 (1BR), $1413 (2BR), $1865 (3BR), $1925 (4BR). Actual rent at subsidized properties like Banyan Cove is typically 30% of household income or less.
What size apartments are available at Banyan Cove?+
Banyan Cove offers the following unit types: 50 One-Bedroom, 50 Two-Bedroom units, for a total of 100 units.
What is the price range for apartments in Deland, FL?+
Based on Fair Market Rent for Volusia County, the estimated price range is: 1-bedroom: $1152, 2-bedroom: $1413. Actual rent at Banyan Cove may be lower for income-eligible households.
How do I apply for housing at Banyan Cove?+
Banyan Cove 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 is eligible to live at Banyan Cove?+
Banyan Cove primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Is there a waitlist for Banyan Cove?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who manages Banyan Cove?+
Banyan Cove is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Volusia County, FL?+
For a 4-person household in Volusia County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $32,700, Low Income (80% AMI): $52,300. 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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