About This Property
Mariner's Cay is a 160-unit affordable housing community in Spring Hill, Florida, offering homes to low-income families. The property features 104 two-bedroom units and 56 three-bedroom units, providing housing options for households of varying sizes. Placed in service in 2010, the community is funded through tax-exempt bonds and utilizes 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Hernando 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 | $1,449 |
| 1 Bedroom | $1,562 |
| 2 Bedroom | $1,851 |
| 3 Bedroom | $2,367 |
| 4 Bedroom | $2,888 |
Income Limits - Hernando County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,550
- Very Low (50%)
- $25,850
- Low (80%)
- $41,350
- Extremely Low (30%)
- $17,750
- Very Low (50%)
- $29,550
- Low (80%)
- $47,250
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,250
- Low (80%)
- $53,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,900
- Low (80%)
- $59,050
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,900
- Low (80%)
- $63,800
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,850
- Low (80%)
- $68,500
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,800
- Low (80%)
- $73,250
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,750
- Low (80%)
- $77,950
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,550 | $25,850 | $41,350 |
| 2 Persons | $17,750 | $29,550 | $47,250 |
| 3 Persons | $21,960 | $33,250 | $53,150 |
| 4 Persons | $26,500 | $36,900 | $59,050 |
| 5 Persons | $31,040 | $39,900 | $63,800 |
| 6 Persons | $35,580 | $42,850 | $68,500 |
| 7 Persons | $40,120 | $45,800 | $73,250 |
| 8 Persons | $44,660 | $48,750 | $77,950 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Spring Hill, FL?+
The Fair Market Rent (FMR) for Hernando County, FL is: $1449 (Studio), $1562 (1BR), $1851 (2BR), $2367 (3BR), $2888 (4BR). Actual rent at subsidized properties like Mariner'S Cay is typically 30% of household income or less.
What size apartments are available at Mariner'S Cay?+
Mariner'S Cay offers the following unit types: 104 Two-Bedroom, 56 Three-Bedroom units, for a total of 160 units.
Who is eligible to live at Mariner'S Cay?+
Mariner'S Cay primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Mariner'S Cay?+
Mariner'S Cay is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Spring Hill, FL?+
Based on Fair Market Rent for Hernando County, the estimated price range is: 2-bedroom: $1851, 3-bedroom: $2367. Actual rent at Mariner'S Cay may be lower for income-eligible households.
How do I apply for housing at Mariner'S Cay?+
Mariner'S Cay 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 Hernando County, FL?+
For a 4-person household in Hernando County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,900, Low Income (80% AMI): $59,050. 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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