Millsboro Village Apartments I

210 Thomas Taylor Drive, Millsboro, Delaware 19966

Millsboro Village Apartments I are located in Millsboro Delaware. They feature spacious living area, fully equipped kitchen, computer center, on-site laundry facility and a playground.

 

 

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Call for Price
2 Bedroom (2/1) - Call for Price
3 Bedroom (3/1) - Call for Price
4 Bedroom (4/1) - Call for Price

Millsboro Village Apartments I Details

  • 50 one, two, three and four bedroom units.
  • HOME Investment Partnerships Program
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 515 Rural Rental Housing

Property Amenities

  • Playground
  • Computer Room
  • On-site Laundry

Unit Amenities

  • Fully Equipped Kitchen
  • Spacious Living Rooms

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Low-Income Housing Tax Credit (LIHTC)

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.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Millsboro HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Millsboro but actual income limits may differ for units at Millsboro Village Apartments I.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $15,800 $18,050 $21,960 $26,500 $31,040 $35,580 $40,120 $44,660
50% $26,300 $30,050 $33,800 $37,550 $40,600 $43,600 $46,600 $49,600
80% $42,100 $48,100 $54,100 $60,100 $64,950 $69,750 $74,550 $79,350

Millsboro Village Apartments I is managed by East Coast Property Management.

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Image of Millsboro Village Apartments I
Image of Millsboro Village Apartments I