About This Property
Pana Villa comprises 72 low-income rental units in Panama City, Florida, serving families across a range of unit sizes including 16 one-bedroom, 24 two-bedroom, 24 three-bedroom, and 8 four-bedroom apartments. The property was placed in service in 2011 and utilizes 9% Low-Income Housing Tax Credits along with HOME and TCAP funding. The community remains actively managed to provide affordable housing options to eligible residents.
Waitlist Information
Waitlist managed by Panama City Housing Authority
All waitlists are currently closed and applications are not being accepted.
Contact administrator for more information.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Bay 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 | $1,269 |
| 1 Bedroom | $1,297 |
| 2 Bedroom | $1,523 |
| 3 Bedroom | $2,065 |
| 4 Bedroom | $2,585 |
Income Limits - Bay County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,150
- Very Low (50%)
- $23,550
- Low (80%)
- $37,650
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,900
- Low (80%)
- $43,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,250
- Low (80%)
- $48,400
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,600
- Low (80%)
- $53,750
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,300
- Low (80%)
- $58,050
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,000
- Low (80%)
- $62,350
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,700
- Low (80%)
- $66,650
- Extremely Low (30%)
- $44,400
- Very Low (50%)
- $44,400
- Low (80%)
- $70,950
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,150 | $23,550 | $37,650 |
| 2 Persons | $17,420 | $26,900 | $43,000 |
| 3 Persons | $21,960 | $30,250 | $48,400 |
| 4 Persons | $26,500 | $33,600 | $53,750 |
| 5 Persons | $31,040 | $36,300 | $58,050 |
| 6 Persons | $35,580 | $39,000 | $62,350 |
| 7 Persons | $40,120 | $41,700 | $66,650 |
| 8 Persons | $44,400 | $44,400 | $70,950 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Panama City, FL?+
The Fair Market Rent (FMR) for Bay County, FL is: $1269 (Studio), $1297 (1BR), $1523 (2BR), $2065 (3BR), $2585 (4BR). Actual rent at subsidized properties like Pana Villa is typically 30% of household income or less.
What size apartments are available at Pana Villa?+
Pana Villa offers the following unit types: 16 One-Bedroom, 24 Two-Bedroom, 24 Three-Bedroom, 8 Four-Bedroom units, for a total of 72 units.
How do I apply for housing at Pana Villa?+
Pana Villa 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 is the price range for apartments in Panama City, FL?+
Based on Fair Market Rent for Bay County, the estimated price range is: 1-bedroom: $1297, 2-bedroom: $1523, 3-bedroom: $2065. Actual rent at Pana Villa may be lower for income-eligible households.
Is there a waitlist for Pana Villa?+
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 Pana Villa?+
Pana Villa is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Pana Villa?+
Pana Villa primarily serves families, LINK. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Bay County, FL?+
For a 4-person household in Bay County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,600, Low Income (80% AMI): $53,750. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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