About This Property
Grace's Landing offers 70 apartments in Sebastian, Florida, comprised of 56 one-bedroom and 14 two-bedroom units designated as low-income housing. The property has been in service since 1997 and receives 9% Low-Income Housing Tax Credit financing. Residents have access to affordable rental options in Indian River County through this development.
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Indian River 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 | $991 |
| 1 Bedroom | $1,195 |
| 2 Bedroom | $1,462 |
| 3 Bedroom | $1,844 |
| 4 Bedroom | $2,481 |
Income Limits - Indian River County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,350
- Very Low (50%)
- $25,550
- Low (80%)
- $40,900
- Extremely Low (30%)
- $17,550
- Very Low (50%)
- $29,200
- Low (80%)
- $46,750
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,850
- Low (80%)
- $52,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,500
- Low (80%)
- $58,400
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,450
- Low (80%)
- $63,100
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,350
- Low (80%)
- $67,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,300
- Low (80%)
- $72,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,200
- Low (80%)
- $77,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,350 | $25,550 | $40,900 |
| 2 Persons | $17,550 | $29,200 | $46,750 |
| 3 Persons | $21,960 | $32,850 | $52,600 |
| 4 Persons | $26,500 | $36,500 | $58,400 |
| 5 Persons | $31,040 | $39,450 | $63,100 |
| 6 Persons | $35,580 | $42,350 | $67,750 |
| 7 Persons | $40,120 | $45,300 | $72,450 |
| 8 Persons | $44,660 | $48,200 | $77,100 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Sebastian, FL?+
The Fair Market Rent (FMR) for Indian River County, FL is: $991 (Studio), $1195 (1BR), $1462 (2BR), $1844 (3BR), $2481 (4BR). Actual rent at subsidized properties like Grace'S Landing is typically 30% of household income or less.
What size apartments are available at Grace'S Landing?+
Grace'S Landing offers the following unit types: 56 One-Bedroom, 14 Two-Bedroom units, for a total of 70 units.
What is the price range for apartments in Sebastian, FL?+
Based on Fair Market Rent for Indian River County, the estimated price range is: 1-bedroom: $1195, 2-bedroom: $1462. Actual rent at Grace'S Landing may be lower for income-eligible households.
How do I apply for housing at Grace'S Landing?+
Grace'S Landing 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.
Who manages Grace'S Landing?+
Grace'S Landing is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Indian River County, FL?+
For a 4-person household in Indian River County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,500, Low Income (80% AMI): $58,400. These limits are set by HUD and updated annually.
What is the HUD inspection score for Grace'S Landing?+
Grace'S Landing has a HUD inspection score of 91 out of 100, which is considered excellent. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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