About This Property
Pelican Isles comprises 150 low-income rental units in Sebastian, Florida, serving families across a mix of one, two, and three-bedroom floor plans. The community has been in service since 2005 and receives 9% Low-Income Housing Tax Credit funding. Unit distribution includes 32 one-bedroom, 78 two-bedroom, and 40 three-bedroom apartments.
Property Details
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 Pelican Isles is typically 30% of household income or less.
What size apartments are available at Pelican Isles?+
Pelican Isles offers the following unit types: 32 One-Bedroom, 78 Two-Bedroom, 40 Three-Bedroom units, for a total of 150 units.
Who manages Pelican Isles?+
Pelican Isles is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Pelican Isles?+
Pelican Isles 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 is eligible to live at Pelican Isles?+
Pelican Isles 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 Sebastian, FL?+
Based on Fair Market Rent for Indian River County, the estimated price range is: 1-bedroom: $1195, 2-bedroom: $1462, 3-bedroom: $1844. Actual rent at Pelican Isles may be lower for income-eligible households.
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.
Contact Information
Walk Score
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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