About This Property
Park Crest Terrace II is a 44-unit affordable housing community in Sebring, Florida that serves families with low incomes. The property offers a mix of two-, three-, and four-bedroom units, with 14 two-bedroom, 20 three-bedroom, and 10 four-bedroom apartments available. The community has been in service since 2001 and operates as a non-profit owned property funded through HOME and 9% LIHTC programs.
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 Ii is typically 30% of household income or less.
What size apartments are available at Park Crest Terrace Ii?+
Park Crest Terrace Ii offers the following unit types: 14 Two-Bedroom, 20 Three-Bedroom, 10 Four-Bedroom units, for a total of 44 units.
Who is eligible to live at Park Crest Terrace Ii?+
Park Crest Terrace Ii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
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 Ii may be lower for income-eligible households.
How do I apply for housing at Park Crest Terrace Ii?+
Park Crest Terrace Ii is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 Park Crest Terrace Ii?+
Park Crest Terrace Ii is managed by . You can reach them at .
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.
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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