17 Parker Cir, Millsboro, DE 19966
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 3 Beds | 1 - 2 Baths | 632 - 875 Sq Ft |
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.
The Villages at Iron Branch is an affordable community that offers brand new 2- & 3-bedroom apartments homes. The upscale features include, granite like countertops, espresso cabinetry, vinyl wood plank flooring, energy efficient appliances and in-home washer and dryers. The community also offers a community room with business center and ample parking. Conveniently located in Millsboro, Delaware off Highway 113 and near several dining and shopping options.
Because The Villages at Iron Branch participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Two Bedroom (2/1) | 632ft2 | Call for Price† |
| Three Bedroom (3/2) | 875ft2 | Call for Price† |
| AMI* | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $35,600 / year | $40,050 / year | $44,450 / year | $48,050 / year | $51,600 / year |
| 50% AMI for PBRA Units | $35,600 / year | $40,050 / year | $44,450 / year | $48,050 / year | $51,600 / year |
| 60% AMI for LIHTC Units | $42,720 / year | $48,060 / year | $53,340 / year | $57,660 / year | $61,920 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Villages at Iron Branch have a waiting list?
The Villages at Iron Branch 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 The Villages at Iron Branch?
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 The Villages at Iron Branch?
The Villages at Iron Branch is managed by TM Associates Management, Inc headquartered in Rockville, Maryland.
In addition to The Villages at Iron Branch, how many other affordable housing properties (and units) are there in Millsboro?
In addition to The Villages at Iron Branch, we list 9 other affordable properties in Millsboro. Learn about these properties here. Our data research shows that there are a total of 422 affordable units in Millsboro.
When was the The Villages at Iron Branch listing last updated?
The Villages at Iron Branch listing on Affordable Housing Online was last updated on 02/16/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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