The Villages at Iron Branch

17 Parker Cir, Millsboro, Delaware 19966

The Villages at Iron Branch is an affordable community that offers brand new two- & three-bedroom apartments homes. The upscale features include, granite like countertops, espresso cabintry, 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. The community is conveniently located in Millsboro, Delaware off Highway 113 and is near several dining and shopping options. Please contact the Leasing Center for more information on the affordable programs.

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Units

Unit (Bd/Ba) Ft2 Rent
2 Bedroom (2/1) 900 From $704
3 Bedroom (3/2) 1152 From $907

The Villages at Iron Branch Details

  • 38 two and three bedroom units.
  • Garden
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Community Room
  • Business Center

Unit Amenities

  • Ceiling Fan(s)
  • Spacious Closets
  • Spacious floor plans
  • Energy Efficient Appliances

Nearby Amenities

  • Close to Dining
  • Close to Shopping

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.

Millsboro Low-Income Housing Tax Credit Income Limits

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 Millsboro but actual income limits may differ for units at The Villages at Iron Branch.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person
Low Income (60%) $35,280 $40,320 $45,360 $50,400 $54,480 $58,500

The Villages at Iron Branch is managed by TM Associates Management, Inc.

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