Poinciana Royale Key West

About This Building

Poinciana Royale Key West: Affordable Housing Option with LIHTC Support Introduction: Discover an affordable housing option at Poinciana Royale Key West, a Low-Income Housing Tax Credit (LIHTC) apartment complex located in Key West, FL. Supported by the LIHTC program, these rental apartments offer reduced rates and income restrictions. Incentives for Affordable Housing: The LIHTC program aims to incentivize builders and developers in providing housing for low-income individuals. By offering tax credits, the program encourages the creation of affordable housing options. Consequently, the maximum rent charged at Poinciana Royale is determined based on the Area Median Income (AMI). Considerations for Low-Income Individuals: Although Poinciana Royale is designed to be affordable, the AMI-based calculation may still present challenges for some low-income individuals. It is important to check the current rental rates to determine if this housing option fits comfortably within your budget. Abundant Low Income Apartments: With a total of 50 low income apartments available at Poinciana Royale, there is a limited supply for a high demand. As a result, it is common for these apartments to have waiting lists. However, we provide their contact information so you can inquire directly about eligibility and the application process. Procedures and Requirements: Please note that all expected residents' income must be included and verified during the application process. To learn more about the specific details and requirements, please reach out for further information. 1-Bedroom Apartments Available: At Poinciana Royale Key West, there are 1-bedroom apartments offered for rent. These apartments cater to individuals or small households seeking affordable housing options in the area. Conclusion: If you are in search of affordable housing in Key West, FL, Poinciana Royale Key West provides an option supported by the LIHTC program. Remember to review the current rental rates and contact the management for detailed information on eligibility and application procedures.