About This Property
Banyan Senior is a 96-unit affordable housing community in Port Richey serving elderly residents through low-income housing tax credits. The property offers 48 one-bedroom and 48 two-bedroom units and has been in service since 2009. The community is funded through 9% LIHTC credit.
Property Details
Fair Market Rent - Pasco 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 | $1,449 |
| 1 Bedroom | $1,562 |
| 2 Bedroom | $1,851 |
| 3 Bedroom | $2,367 |
| 4 Bedroom | $2,888 |
Income Limits - Pasco County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,550
- Very Low (50%)
- $25,850
- Low (80%)
- $41,350
- Extremely Low (30%)
- $17,750
- Very Low (50%)
- $29,550
- Low (80%)
- $47,250
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,250
- Low (80%)
- $53,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,900
- Low (80%)
- $59,050
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,900
- Low (80%)
- $63,800
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,850
- Low (80%)
- $68,500
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,800
- Low (80%)
- $73,250
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,750
- Low (80%)
- $77,950
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,550 | $25,850 | $41,350 |
| 2 Persons | $17,750 | $29,550 | $47,250 |
| 3 Persons | $21,960 | $33,250 | $53,150 |
| 4 Persons | $26,500 | $36,900 | $59,050 |
| 5 Persons | $31,040 | $39,900 | $63,800 |
| 6 Persons | $35,580 | $42,850 | $68,500 |
| 7 Persons | $40,120 | $45,800 | $73,250 |
| 8 Persons | $44,660 | $48,750 | $77,950 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Port Richey, FL?+
The Fair Market Rent (FMR) for Pasco County, FL is: $1449 (Studio), $1562 (1BR), $1851 (2BR), $2367 (3BR), $2888 (4BR). Actual rent at subsidized properties like Banyan Senior is typically 30% of household income or less.
What size apartments are available at Banyan Senior?+
Banyan Senior offers the following unit types: 48 One-Bedroom, 48 Two-Bedroom units, for a total of 96 units.
Who is eligible to live at Banyan Senior?+
Banyan Senior primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Banyan Senior?+
Banyan Senior 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 Banyan Senior?+
Banyan Senior is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Pasco County, FL?+
For a 4-person household in Pasco County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,900, Low Income (80% AMI): $59,050. These limits are set by HUD and updated annually.
What is the price range for apartments in Port Richey, FL?+
Based on Fair Market Rent for Pasco County, the estimated price range is: 1-bedroom: $1562, 2-bedroom: $1851. Actual rent at Banyan Senior may be lower for income-eligible households.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Banyan Senior
Regency Palms
Port Richey, FL
200 UnitsJournet Place
Port Richey, FL
108 UnitsLandings At Sea Forest
New Port Richey, FL
200 UnitsIvy Chase - Hudson
Hudson, FL
61 UnitsMagnolia Place
New Port Richey, FL
80 UnitsAbigail Court
Port Richey, FL
90 Units