Tucked away in a quiet residential neighborhood of historic Claymont, DE, Overlook Colony is the ideal community to call home. An extensive renovation of this 100 year old community was completed in 2005 intermingling historic charm with modern conveniences. The variety of floor plans available make it easy to meet your family's individual needs. Overlook Colony is within walking distance to Claymont Elementary School, the Claymont Library and The Claymont Community Center, making it the perfect place for families. The property currently offers a wide range of amenities at an affordable price.
Overlook Colony is part of a revitalized, tight knit community with ties to the Claymont Community Center and local homeowners. Community space located in the rental office is available to residents for a number of activities and includes computers with internet access. Conveniently located off Philadelphia Pike and within walking distance of a DART Bus route on Philadelphia Pike, Overlook Colony is just minutes from I-95 & I-495, making commuting a breeze. An abundance of local shopping, schools, churches, restaurants, banks, daycare centers and more are only a few reasons that make Overlook Colony a prime location.
Last updated on December 18th, 2018
|1 Bedroom (1/1)||-||Income Based|
|2 Bedroom (2/1)||-||Income Based|
|3 Bedroom (3/1)||-||Income Based|
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Claymont but actual income limits may differ for units at Overlook Colony.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$33,100||$37,800||$42,550||$47,250||$51,050||$54,850||$58,600||$62,400|
|Low Income (60%)||$39,720||$45,360||$51,060||$56,700||$61,260||$65,820||$70,320||$74,880|
Overlook Colony is managed by Fairville Management Company.