About This Property
Coral Village comprises 64 low-income rental units in Cape Coral, Florida, serving elderly residents through a mix of 32 one-bedroom and 32 two-bedroom apartments. The property has been in service since 1999 and receives funding through the HOME program and 9% Low-Income Housing Tax Credits. Interested parties can contact the property directly for additional information regarding lease terms and availability.
Property Details
Fair Market Rent - Lee 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 | $1,329 |
| 1 Bedroom | $1,331 |
| 2 Bedroom | $1,677 |
| 3 Bedroom | $2,198 |
| 4 Bedroom | $2,499 |
Income Limits - Lee County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,100
- Very Low (50%)
- $25,200
- Low (80%)
- $40,250
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,800
- Low (80%)
- $46,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,400
- Low (80%)
- $51,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,950
- Low (80%)
- $57,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,850
- Low (80%)
- $62,100
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,750
- Low (80%)
- $66,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,600
- Low (80%)
- $71,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,500
- Low (80%)
- $75,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,100 | $25,200 | $40,250 |
| 2 Persons | $17,420 | $28,800 | $46,000 |
| 3 Persons | $21,960 | $32,400 | $51,750 |
| 4 Persons | $26,500 | $35,950 | $57,500 |
| 5 Persons | $31,040 | $38,850 | $62,100 |
| 6 Persons | $35,580 | $41,750 | $66,700 |
| 7 Persons | $40,120 | $44,600 | $71,300 |
| 8 Persons | $44,660 | $47,500 | $75,900 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Cape Coral, FL?+
The Fair Market Rent (FMR) for Lee County, FL is: $1329 (Studio), $1331 (1BR), $1677 (2BR), $2198 (3BR), $2499 (4BR). Actual rent at subsidized properties like Coral Village is typically 30% of household income or less.
What size apartments are available at Coral Village?+
Coral Village offers the following unit types: 32 One-Bedroom, 32 Two-Bedroom units, for a total of 64 units.
What are the income limits for affordable housing in Lee County, FL?+
For a 4-person household in Lee County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,950, Low Income (80% AMI): $57,500. These limits are set by HUD and updated annually.
Who manages Coral Village?+
Coral Village is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Coral Village?+
Coral Village 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 Coral Village?+
Coral Village primarily serves elderly residents. 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 Cape Coral, FL?+
Based on Fair Market Rent for Lee County, the estimated price range is: 1-bedroom: $1331, 2-bedroom: $1677. Actual rent at Coral Village 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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