About This Property
Summer Cove is a 192-unit affordable housing community in St. Cloud, FL, offering low-income housing for families. The property features 48 one-bedroom, 80 two-bedroom, 48 three-bedroom, and 16 four-bedroom units. Placed in service in 2001, the community utilizes 4% LIHTC credits and tax-exempt bond financing.
Property Details
Fair Market Rent - Osceola 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 - Osceola 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 Saint Cloud, FL?+
The Fair Market Rent (FMR) for Osceola County, FL is: $1558 (Studio), $1638 (1BR), $1857 (2BR), $2362 (3BR), $2849 (4BR). Actual rent at subsidized properties like Summer Cove is typically 30% of household income or less.
What size apartments are available at Summer Cove?+
Summer Cove offers the following unit types: 48 One-Bedroom, 80 Two-Bedroom, 48 Three-Bedroom, 16 Four-Bedroom units, for a total of 192 units.
What is the price range for apartments in Saint Cloud, FL?+
Based on Fair Market Rent for Osceola County, the estimated price range is: 1-bedroom: $1638, 2-bedroom: $1857, 3-bedroom: $2362. Actual rent at Summer Cove may be lower for income-eligible households.
What are the income limits for affordable housing in Osceola County, FL?+
For a 4-person household in Osceola 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.
Who is eligible to live at Summer Cove?+
Summer Cove primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Summer Cove?+
Summer Cove is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Summer Cove?+
Summer Cove 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
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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