About This Property
Rolling Acres I offers 104 low-income units in Lady Lake, Florida and has been in service since 2008. The property includes 4 one-bedroom, 18 two-bedroom, and 30 three-bedroom units designed to serve families. The property is financed through tax-exempt bonds and utilizes 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Lake 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 | $1,558 |
| 1 Bedroom | $1,638 |
| 2 Bedroom | $1,857 |
| 3 Bedroom | $2,362 |
| 4 Bedroom | $2,849 |
Income Limits - Lake County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,050
- Very Low (50%)
- $26,750
- Low (80%)
- $42,750
- Extremely Low (30%)
- $18,350
- Very Low (50%)
- $30,550
- Low (80%)
- $48,850
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,350
- Low (80%)
- $54,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,150
- Low (80%)
- $61,050
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,250
- Low (80%)
- $65,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,300
- Low (80%)
- $70,850
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,350
- Low (80%)
- $75,750
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $50,400
- Low (80%)
- $80,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,050 | $26,750 | $42,750 |
| 2 Persons | $18,350 | $30,550 | $48,850 |
| 3 Persons | $21,960 | $34,350 | $54,950 |
| 4 Persons | $26,500 | $38,150 | $61,050 |
| 5 Persons | $31,040 | $41,250 | $65,950 |
| 6 Persons | $35,580 | $44,300 | $70,850 |
| 7 Persons | $40,120 | $47,350 | $75,750 |
| 8 Persons | $44,660 | $50,400 | $80,600 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lady Lake, FL?+
The Fair Market Rent (FMR) for Lake County, FL is: $1558 (Studio), $1638 (1BR), $1857 (2BR), $2362 (3BR), $2849 (4BR). Actual rent at subsidized properties like Rolling Acres I is typically 30% of household income or less.
What size apartments are available at Rolling Acres I?+
Rolling Acres I offers the following unit types: 4 One-Bedroom, 18 Two-Bedroom, 30 Three-Bedroom units, for a total of 104 units.
Who is eligible to live at Rolling Acres I?+
Rolling Acres I primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Lake County, FL?+
For a 4-person household in Lake County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,150, Low Income (80% AMI): $61,050. These limits are set by HUD and updated annually.
What is the price range for apartments in Lady Lake, FL?+
Based on Fair Market Rent for Lake County, the estimated price range is: 1-bedroom: $1638, 2-bedroom: $1857, 3-bedroom: $2362. Actual rent at Rolling Acres I may be lower for income-eligible households.
Who manages Rolling Acres I?+
Rolling Acres I is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Rolling Acres I?+
Rolling Acres 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.
Contact Information
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