About This Property
Summer Trace provides 30 low-income housing units in Panacea, FL and has served elderly residents since its placement in service in 1998. The property receives 9% Low-Income Housing Tax Credit financing. Interested parties can contact the property for additional information about availability and lease terms.
Property Details
Fair Market Rent - Wakulla 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 | $940 |
| 1 Bedroom | $1,046 |
| 2 Bedroom | $1,176 |
| 3 Bedroom | $1,494 |
| 4 Bedroom | $1,685 |
Income Limits - Wakulla County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,400
- Very Low (50%)
- $25,600
- Low (80%)
- $40,950
- Extremely Low (30%)
- $17,600
- Very Low (50%)
- $29,250
- Low (80%)
- $46,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,900
- Low (80%)
- $52,650
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,550
- Low (80%)
- $58,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,500
- Low (80%)
- $63,200
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,400
- Low (80%)
- $67,900
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,350
- Low (80%)
- $72,550
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,250
- Low (80%)
- $77,250
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,400 | $25,600 | $40,950 |
| 2 Persons | $17,600 | $29,250 | $46,800 |
| 3 Persons | $21,960 | $32,900 | $52,650 |
| 4 Persons | $26,500 | $36,550 | $58,500 |
| 5 Persons | $31,040 | $39,500 | $63,200 |
| 6 Persons | $35,580 | $42,400 | $67,900 |
| 7 Persons | $40,120 | $45,350 | $72,550 |
| 8 Persons | $44,660 | $48,250 | $77,250 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Panacea, FL?+
The Fair Market Rent (FMR) for Wakulla County, FL is: $940 (Studio), $1046 (1BR), $1176 (2BR), $1494 (3BR), $1685 (4BR). Actual rent at subsidized properties like Summer Trace is typically 30% of household income or less.
What are the income limits for affordable housing in Wakulla County, FL?+
For a 4-person household in Wakulla County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,550, Low Income (80% AMI): $58,500. These limits are set by HUD and updated annually.
How do I apply for housing at Summer Trace?+
Summer Trace 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 Summer Trace?+
Summer Trace is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Summer Trace?+
Summer Trace primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Car-Dependent