About This Property
Park Crest Terrace I comprises 100 low-income rental units in Sebring, Florida, serving families with a mix of two, three, and four-bedroom apartments. The property has been in service since 2000 and operates under 9% Low-Income Housing Tax Credit financing. This non-profit-owned community provides affordable housing options across 16 two-bedroom, 68 three-bedroom, and 16 four-bedroom units.
Property Details
Fair Market Rent - Highlands 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 | $757 |
| 1 Bedroom | $850 |
| 2 Bedroom | $1,117 |
| 3 Bedroom | $1,391 |
| 4 Bedroom | $1,831 |
Income Limits - Highlands County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,400
- Low (80%)
- $31,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,200
- Low (80%)
- $35,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,950
- Low (80%)
- $39,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,700
- Low (80%)
- $44,300
- Extremely Low (30%)
- $29,950
- Very Low (50%)
- $29,950
- Low (80%)
- $47,850
- Extremely Low (30%)
- $32,150
- Very Low (50%)
- $32,150
- Low (80%)
- $51,400
- Extremely Low (30%)
- $34,350
- Very Low (50%)
- $34,350
- Low (80%)
- $54,950
- Extremely Low (30%)
- $36,600
- Very Low (50%)
- $36,600
- Low (80%)
- $58,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,400 | $31,050 |
| 2 Persons | $17,420 | $22,200 | $35,450 |
| 3 Persons | $21,960 | $24,950 | $39,900 |
| 4 Persons | $26,500 | $27,700 | $44,300 |
| 5 Persons | $29,950 | $29,950 | $47,850 |
| 6 Persons | $32,150 | $32,150 | $51,400 |
| 7 Persons | $34,350 | $34,350 | $54,950 |
| 8 Persons | $36,600 | $36,600 | $58,500 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Sebring, FL?+
The Fair Market Rent (FMR) for Highlands County, FL is: $757 (Studio), $850 (1BR), $1117 (2BR), $1391 (3BR), $1831 (4BR). Actual rent at subsidized properties like Park Crest Terrace I is typically 30% of household income or less.
What size apartments are available at Park Crest Terrace I?+
Park Crest Terrace I offers the following unit types: 16 Two-Bedroom, 68 Three-Bedroom, 16 Four-Bedroom units, for a total of 100 units.
Who manages Park Crest Terrace I?+
Park Crest Terrace I is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Park Crest Terrace I?+
Park Crest Terrace I primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Park Crest Terrace I?+
Park Crest Terrace I 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 Highlands County, FL?+
For a 4-person household in Highlands County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,700, Low Income (80% AMI): $44,300. These limits are set by HUD and updated annually.
What is the price range for apartments in Sebring, FL?+
Based on Fair Market Rent for Highlands County, the estimated price range is: 2-bedroom: $1117, 3-bedroom: $1391. Actual rent at Park Crest Terrace I may be lower for income-eligible households.
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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