Orchid Trace Atlantic Beach

About This Building

Affordable Housing with Tax Credit Allocation in Atlantic Beach, FL Orchid Trace Atlantic Beach offers low-income housing options through the Low-Income Housing Tax Credit program. Unlike government-owned or subsidized housing, this development is privately owned by Mayport Affordable Housing Partners, Ltd. Thanks to the tax credit allocation administered by the Florida Housing Finance Corporation and the support of the local community, below-market rent rates are made possible. If you are in search of an affordable housing option, these rental apartments are supported by the LIHTC and have specific program rent and income restrictions. Incentives for Builders and Developers The LIHTC program is designed to encourage builders and developers to provide affordable housing for low-income individuals. The maximum rent charged is based on the Area Median Income (AMI), which means that in some cases, this apartment may still be unaffordable for low-income individuals. It's essential to check the current rental rates to determine if it fits within your budget. Limited Availability and Application Process Please note that there are only 28 low-income apartments available at Orchid Trace Atlantic Beach, and most apartments tend to have waiting lists. We provide this listing to allow you to contact them directly at the provided number to see if you qualify and can apply to live here. The apartment is owned by MAYPORT DEVELOPMENT INC, ATLANTIC BEACH, FL, 32233-3400. Application and Move-In Costs The application process typically takes several weeks, and there is a non-refundable application fee of $46 per adult or married couple. Additionally, a conditionally refundable holding fee of $100 is required. The security deposit amounts to $500. However, there is no application fee or security deposit for qualifying military personnel. It's important to note that the first month's rent is due at the time of lease signing, and its amount will be pro-rated for the remaining days of the month. Income Verification Requirements To be eligible to live at Orchid Trace Apartments, you must meet the income requirements. Your employer must verify your income either by presenting two consecutive paystubs or through a form directly sent to them by our team. Other sources of income must also be included and verified, such as wages from employment, rental income, interest or dividends from assets, social security payments, and more. Please contact us for further details. Varied Apartment Sizes Available At Orchid Trace Atlantic Beach, there are both 2-bedroom and 3-bedroom apartments available for rent. Please inquire for specific details regarding each unit size. Contact Us for More Information If you are interested in learning more about the LIHTC units at Orchid Trace Atlantic Beach, please reach out to us directly. We are here to provide you with additional information and assist you in determining if you meet the eligibility requirements for this affordable housing opportunity.