About This Property
Sun Bay Village is an affordable housing community in Freeport, FL consisting of 25 low-income residential units. The property has been in service since 1993 and is financed through 4% Low-Income Housing Tax Credits. The development is located in Walton County.
Property Details
Fair Market Rent - Walton 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 | $944 |
| 1 Bedroom | $1,061 |
| 2 Bedroom | $1,191 |
| 3 Bedroom | $1,598 |
| 4 Bedroom | $1,972 |
Income Limits - Walton County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,650
- Very Low (50%)
- $24,400
- Low (80%)
- $39,000
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,850
- Low (80%)
- $44,600
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,350
- Low (80%)
- $50,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,800
- Low (80%)
- $55,700
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,600
- Low (80%)
- $60,200
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,400
- Low (80%)
- $64,650
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $43,200
- Low (80%)
- $69,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $45,950
- Low (80%)
- $73,550
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,650 | $24,400 | $39,000 |
| 2 Persons | $17,420 | $27,850 | $44,600 |
| 3 Persons | $21,960 | $31,350 | $50,150 |
| 4 Persons | $26,500 | $34,800 | $55,700 |
| 5 Persons | $31,040 | $37,600 | $60,200 |
| 6 Persons | $35,580 | $40,400 | $64,650 |
| 7 Persons | $40,120 | $43,200 | $69,100 |
| 8 Persons | $44,660 | $45,950 | $73,550 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Freeport, FL?+
The Fair Market Rent (FMR) for Walton County, FL is: $944 (Studio), $1061 (1BR), $1191 (2BR), $1598 (3BR), $1972 (4BR). Actual rent at subsidized properties like Sun Bay Village is typically 30% of household income or less.
What are the income limits for affordable housing in Walton County, FL?+
For a 4-person household in Walton County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,800, Low Income (80% AMI): $55,700. These limits are set by HUD and updated annually.
How do I apply for housing at Sun Bay Village?+
Sun Bay Village 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 Sun Bay Village?+
Sun Bay Village is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.