Summer Trace Panacea

About This Building

Affordable Housing Option in Panacea, FL: Summer Trace Panacea Introduction: Summer Trace Panacea offers comfortable and affordable low-income housing in Panacea, FL. Supported by the Low-Income Housing Tax Credit (LIHTC) program, these rental apartments have rent and income restrictions to ensure accessibility for individuals in need of affordable housing solutions. LIHTC Program: Builders and developers participating in the LIHTC program are encouraged to provide affordable housing options for low-income individuals. The maximum rent charged is determined based on the Area Median Income (AMI), which may still render this apartment unaffordable for some low-income individuals. To determine if this housing option fits your budget, please check the current rental rates. Apartment Details: Summer Trace Panacea comprises of 30 low-income apartments. As the demand for affordable housing is high, waiting lists for apartments are often in place. However, we provide the contact information below so that you can directly inquire about the availability and the qualifications required to live in these apartments. Applying for LIHTC Units: To be eligible for residency at this apartment, the income of all adults expected to reside in the unit must be included and verified at the time of application. For more information and to apply, please contact the provided number. Conclusion: Summer Trace Panacea offers an affordable housing solution for low-income individuals in Panacea, FL, supported by the LIHTC program. By understanding the rental rates and requirements, individuals can determine their eligibility and apply for these sought-after low-income housing units. For further details, please reach out through the provided contact number.