About This Property
Colony South contains 78 affordable residential units in Milford, Delaware, comprised of 32 one-bedroom and 46 two-bedroom apartments. The property has been in service since 2007 and serves the Kent County area.
Property Details
Fair Market Rent - Kent County, DE
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,110 |
| 1 Bedroom | $1,117 |
| 2 Bedroom | $1,368 |
| 3 Bedroom | $1,928 |
| 4 Bedroom | $2,152 |
Income Limits - Kent County, DE
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,500
- Very Low (50%)
- $24,150
- Low (80%)
- $38,650
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,600
- Low (80%)
- $44,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,050
- Low (80%)
- $49,700
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,500
- Low (80%)
- $55,200
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,300
- Low (80%)
- $59,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,050
- Low (80%)
- $64,050
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,800
- Low (80%)
- $68,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $45,550
- Low (80%)
- $72,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,500 | $24,150 | $38,650 |
| 2 Persons | $17,420 | $27,600 | $44,200 |
| 3 Persons | $21,960 | $31,050 | $49,700 |
| 4 Persons | $26,500 | $34,500 | $55,200 |
| 5 Persons | $31,040 | $37,300 | $59,650 |
| 6 Persons | $35,580 | $40,050 | $64,050 |
| 7 Persons | $40,120 | $42,800 | $68,450 |
| 8 Persons | $44,660 | $45,550 | $72,900 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Milford, DE?+
The Fair Market Rent (FMR) for Kent County, DE is: $1110 (Studio), $1117 (1BR), $1368 (2BR), $1928 (3BR), $2152 (4BR). Actual rent at subsidized properties like Colony South is typically 30% of household income or less.
What size apartments are available at Colony South?+
Colony South offers the following unit types: 32 One-Bedroom, 46 Two-Bedroom units, for a total of 78 units.
How do I apply for housing at Colony South?+
Colony South 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.
What are the income limits for affordable housing in Kent County, DE?+
For a 4-person household in Kent County, DE, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,500, Low Income (80% AMI): $55,200. These limits are set by HUD and updated annually.
What is the price range for apartments in Milford, DE?+
Based on Fair Market Rent for Kent County, the estimated price range is: 1-bedroom: $1117, 2-bedroom: $1368. Actual rent at Colony South may be lower for income-eligible households.
Who manages Colony South?+
Colony South is managed by . You can reach them at . Visit their website for more information.
Contact Information
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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