250 Williamsburg Dr, Milford, DE 19963
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 1.5 Bath | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Colony South, in Milford, DE, is a charming community with a refreshing combination of convenience and affordability. Our community center, equipped with computers and internet access, and our staff are able to offer residents an assortment of services and events. The property offers a variety of floor plans to meet the needs of our residents. Colony South is in a highly desirable location featuring attractive building design and landscaping, making it a great place to call home.
Colony South is conveniently located within walking distance of a DART bus route, just off Route 1. A short 30 minute ride south brings you to the resort town of Rehoboth Beach and its abundance of retail shopping outlets and restaurants. Only minutes away from Route 113, Colony South is convenient to local shopping, schools, hospitals, churches, restaurants, daycare centers and more. Come see why Colony South is the perfect place to call home.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Colony South does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. As a LIHTC property that chose the 20/50 election, this property has agreed to set aside at least 20% of its units for families and individuals earning 50% of Area Median Income (AMI). Many of these properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with very low incomes.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | - | Call for Price† |
| 2 Bedroom (2/1) | - | Call for Price† |
| 3 Bedroom (3/1.5) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $17,150 / year | $19,720 / year | $24,860 / year | $30,000 / year | $35,140 / year | $40,280 / year |
| 50% AMI for LIHTC Units | $28,600 / year | $32,700 / year | $36,800 / year | $40,850 / year | $44,150 / year | $47,400 / year |
| 50% AMI for PBRA Units | $28,600 / year | $32,700 / year | $36,800 / year | $40,850 / year | $44,150 / year | $47,400 / year |
| 60% AMI for LIHTC Units | $34,320 / year | $39,240 / year | $44,160 / year | $49,020 / year | $52,980 / year | $56,880 / year |
| 80% AMI for PBRA Units | $45,750 / year | $52,300 / year | $58,850 / year | $65,350 / year | $70,600 / year | $75,850 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Colony South have a waiting list?
Colony South probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Colony South?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Colony South?
Colony South is managed by Fairville Management Company headquartered in Hockessin , Delaware.
In addition to Colony South, how many other affordable housing properties (and units) are there in Milford?
In addition to Colony South, we list 16 other affordable properties in Milford. Learn about these properties here. Our data research shows that there are a total of 706 affordable units in Milford.
When was the Colony South listing last updated?
Colony South listing on Affordable Housing Online was last updated on 01/03/2023 by Colleen Carter. Remember, a property's status can change so you should contact the property to confirm.
504 Mispillion, Milford, Delaware 19963
200 Tull Way, Milford, Delaware 19963
Do you have little or no income?
You can qualify for most rental assistance programs, including Section 8 and Public Housing, even if you have little or no income.Patti Lynn Druin says:
"Reliable and accurate and easy to use"