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.
Last updated on December 18th, 2018
|1 Bedroom (1/1)||-||Income Based|
|2 Bedroom (2/1)||-||Income Based|
|3 Bedroom (3/1.5)||-||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 Milford but actual income limits may differ for units at Colony South.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$23,950||$27,400||$30,800||$34,200||$36,950||$39,700||$42,450||$45,150|
|Low Income (60%)||$28,740||$32,880||$36,960||$41,040||$44,340||$47,640||$50,940||$54,180|
Colony South is managed by Fairville Management Company.