About This Property
Suwannee River Villas comprises 24 residential units in Fanning Springs, Florida, with 23 units designated for low-income households. The property was placed in service in 1991 and currently operates under 4% Low-Income Housing Tax Credit financing. Levy County residents can contact the property management for inquiries regarding availability and residency requirements.
Property Details
Fair Market Rent - Levy 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 | $673 |
| 1 Bedroom | $715 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,203 |
| 4 Bedroom | $1,416 |
Income Limits - Levy 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 Fanning Springs, FL?+
The Fair Market Rent (FMR) for Levy County, FL is: $673 (Studio), $715 (1BR), $905 (2BR), $1203 (3BR), $1416 (4BR). Actual rent at subsidized properties like Suwannee River Villas is typically 30% of household income or less.
What are the income limits for affordable housing in Levy County, FL?+
For a 4-person household in Levy 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.
How do I apply for housing at Suwannee River Villas?+
Suwannee River Villas 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 Suwannee River Villas?+
Suwannee River Villas is managed by . You can reach them at . Visit their website for more information.
Contact Information
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