Heron Run

363 E. Commerce St., Smyrna, Delaware 19977

Heron Run is a Newly Renovated Multifamily Community that provides affordable housing in the town of Smyrna. This nice community is located near Route 13 and Delaware Route 1 with easy access to schools, shopping, churches, and parks. We have a playground and laundry facilities on site.

Contact Heron Run

Message Heron Run

Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 740 Call for Price
Two Bedroom (2/1) 910 Call for Price

Heron Run Details

  • 80 one and two bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 515 Rural Rental Housing
  • Section 521 USDA Rental Assistance

Property Amenities

  • Tot Lot
  • Playground
  • Computer Lab
  • Community Room
  • Business Center
  • Organized Activities
  • Laundry Room
  • 24hr Emergency Maintenance
  • Rural Area
  • Gazebo
  • On-Site Management
  • On-Site Parking
  • Grilling Area
  • Snow Removal
  • Lawn Care
  • After Hours Call Service
  • Picnic Area

Unit Amenities

  • Air Conditioning
  • Ceiling Fan(s)
  • Handicapped Accessible
  • All Appliances included
  • Dishwasher
  • Cable/Satellite TV
  • Window Coverings
  • Carpet
  • Hardwood Floors
  • Extra Storage
  • Bathroom Grab Bars
  • vinyl tile flooring

Nearby Amenities

  • Close to Downtown District
  • Close to Public Transportation
  • Close to Shopping
  • Near Hospital
  • Near Library
  • Near Park
  • Near Schools

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.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Smyrna 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 Smyrna but actual income limits may differ for units at Heron Run.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $14,500 $17,420 $21,960 $26,500 $31,040 $35,580 $40,120 $44,660
50% $24,150 $27,600 $31,050 $34,500 $37,300 $40,050 $42,800 $45,550
80% $38,650 $44,200 $49,700 $55,200 $59,650 $64,050 $68,450 $72,900

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 Heron Run.

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

Heron Run is managed by TM Associates Management, Inc.

Image of Heron Run
Image of Heron Run
Image of Heron Run
Image of Heron Run
Image of Heron Run

Nearby Low Income Apartment Communities

Smyrna Gardens Apartments

105 Lawn Drive
Smyrna, Delaware
1 BR