Farrand Village Apartments

16 Deville Circle, Wilmington, Delaware 19808

Farrand Village Apartments is a 3 story garden style walk up community located in a quiet setting. We offer 1, 2 and 3 bedroom apartments with fully handicap accessible first floor units.

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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 721 $760
Two Bedroom (2/1) 899 $790
Three Bedroom (3/1) 1259 $820

Farrand Village Apartments Details

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

Property Amenities

  • Laundry Room
  • 24hr Emergency Maintenance

Nearby Amenities

  • Close to Shopping
  • 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.

Wilmington 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 Wilmington but actual income limits may differ for units at Farrand Village Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $33,100 $37,800 $42,550 $47,250 $51,050 $54,850 $58,600 $62,400
Low Income (60%) $39,720 $45,360 $51,060 $56,700 $61,260 $65,820 $70,320 $74,880

Farrand Village Apartments is managed by Fairville Management Company.

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