Palms of Deerfield Beach Townhomes

411 NW 1st Ter, Deerfield Beach, Florida 33441

The Palms of Deerfield Beach Town Homes is a Low Income Housing Tax Credit property constructed and opened in 2008, through collaboration with private and public partners. The property is designed for working families and consists of 56 Town Home units; 24 (1 1/2 bath) two bedroom units and 32 (2 1/2 bath) three bedroom units.

Applications will not be accepted without the necessary documents required for application approval. A non-refundable $75 application fee (money order/cashier’s check only) per adult household member is due when applications are submitted.

A Waiting List will be maintained for the property.

Applications may be printed from this website, however, it is mandatory that they are submitted in person. Mailed or faxed applications will not be processed. All verifications of income and assets must be obtained by the Palms of Deerfield Beach and landlord verifications will be conducted, therefore it is necessary that complete contact information is given for landlords and employers.

Applications can be brought in from 1:00 pm through 6:00 pm only, Monday through Friday at 425 NW 1st Terrace, Deerfield Beach, 33441. It is recommended to call Joyce Hill for an appointment at  954-425-0678 ext. 107.

Pet Policy

Pets are allowed according to the Palms of Deerfield Beach Pet Policy. An additional $300 pet security deposit is required. A completed Pet Application, $25 fee, certificate of good health and proof of up-to-date vaccinations must be submitted for approval prior to the pet residing on the premises. Applications must be renewed each year. All pets must be neutered or spayed. Dogs may not exceed 25 pounds fully grown. Service animals are allowed and not subject to weight restrictions.

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Units

Unit (Bd/Ba) Ft2 Rent
2 Bedroom (2/1.5) - Income Based
3 Bedroom (3/1.5) - Income Based

Palms of Deerfield Beach Townhomes Details

  • 56 2 and 3 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • HOME Investment Partnerships Program
  • State or Local Program

Unit Amenities

  • Ceiling Fan(s)
  • Dishwasher
  • Washer and Dryer Hookup
  • Carpet
  • Storage
  • Refrigerator
  • Oven and Range
  • vertical blinds
  • Central Heat & Air
  • Private Patios
  • Energy Efficient Appliances

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Deerfield Beach 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 Deerfield Beach but actual income limits may differ for units at Palms of Deerfield Beach Townhomes.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $31,750 $36,300 $40,850 $45,350 $49,000 $52,650 $56,250 $59,900
Low Income (60%) $38,100 $43,560 $49,020 $54,420 $58,800 $63,180 $67,500 $71,880

Palms of Deerfield Beach Townhomes is managed by Deerfield Beach Housing Authority.