Commerce Square Apartments

101 Talon Court, Smyrna, Delaware 19977

Commerce Square provides affordable two and three bedroom apartments under the Low Income Housing Tax Credit Program. It is located in Smyrna, Delaware, near Route 13 and Delaware Route 1 which provides easy access to shopping, banking and other conveniences.

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Units

Unit (Bd/Ba) Ft2 Rent
Two bedroom (2/1) 880 Call for Price
Three Bedroom (3/2) 1152 Call for Price

Commerce Square Apartments Details

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

Property Amenities

  • Playground
  • 24hr Emergency Maintenance
  • Off-Street Parking

Unit Amenities

  • Dishwasher
  • Garbage Disposal
  • Washer/Dryer Hookup
  • Cable Ready
  • Spacious Closets
  • Window Coverings
  • Carpet
  • Private Entrance
  • Refrigerator

Nearby Amenities

  • Close to Dining
  • Close to Public Transportation
  • 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.

Smyrna 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 Smyrna but actual income limits may differ for units at Commerce Square Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $24,150 $27,600 $31,050 $34,500 $37,300 $40,050 $42,800 $45,550
Low Income (60%) $28,980 $33,120 $37,260 $41,400 $44,760 $48,060 $51,360 $54,660

Commerce Square Apartments is managed by Arbor Management.

Nearby Low Income Apartment Communities

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