Low Income (LIHTC)

North Springs Estates

1193 Merritt St, Altamonte Springs, FL, 32701

Information verified May 8, 2026·We re-check waiting list status daily

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About This Property

North Springs Estates is a 12-unit affordable housing community in Altamonte Springs, Florida, serving low-income residents. The property has been in service since 1994 and receives 9% Low-Income Housing Tax Credit (LIHTC) financing. Interested parties can contact the property management for additional information about residency requirements and availability.

Property Details

Total Units

Fair Market Rent - Seminole 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 - Seminole County, FL

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person

Extremely Low (30%): $16,050
Very Low (50%): $26,750
Low (80%): $42,750

2 Persons

Extremely Low (30%): $18,350
Very Low (50%): $30,550
Low (80%): $48,850

3 Persons

Extremely Low (30%): $21,960
Very Low (50%): $34,350
Low (80%): $54,950

4 Persons

Extremely Low (30%): $26,500
Very Low (50%): $38,150
Low (80%): $61,050

5 Persons

Extremely Low (30%): $31,040
Very Low (50%): $41,250
Low (80%): $65,950

6 Persons

Extremely Low (30%): $35,580
Very Low (50%): $44,300
Low (80%): $70,850

7 Persons

Extremely Low (30%): $40,120
Very Low (50%): $47,350
Low (80%): $75,750

8 Persons

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

Tax Credit Program Details

Year Placed in Service

1994

LIHTC Credit Type

Low-Income Units

12 / 12

Frequently Asked Questions

What is the average rent for affordable housing in Altamonte Springs, FL?+

The Fair Market Rent (FMR) for Seminole County, FL is: $1558 (Studio), $1638 (1BR), $1857 (2BR), $2362 (3BR), $2849 (4BR). Actual rent at subsidized properties like North Springs Estates is typically 30% of household income or less.

What are the income limits for affordable housing in Seminole County, FL?+

For a 4-person household in Seminole 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.

How do I apply for housing at North Springs Estates?+

North Springs Estates 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 North Springs Estates?+

North Springs Estates is managed by . You can reach them at . Visit their website for more information.

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