Southpoint Crossing Apartments

897 W Lucy St, Florida City, FL 33034

Waiting List Forecast: Likely Short or None

check_circleVerified for 2021 by Lorena Bentley
Rent Beds Baths SqFt
Call for Rents Floorplan Info Upon Request - -
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Affordable

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

Southpoint Crossing, originally Florida City Apartments, consists of eight, two-story apartment
buildings with 123 units. The property was developed in 1995 with Low-Income Housing Tax
Credits by a local community-based nonprofit organization but was taken over by the Housing
Credit syndicator when the local nonprofit declared bankruptcy in 2008. Southpoint’s surrounding
neighborhood suffered from extremely poor physical conditions and poverty. Tenant turnover was
high and numerous incidences of crime occurred on the adjacent property, including drug dealing
and near daily gun fire. When NHT Communities purchased Southpoint Crossing in 2010, the property
owner was facing foreclosure and the building was in need of substantial renovations and security
upgrades.
NHT Communities purchased and renovated the property utilizing resources from HUD’s
Neighborhood Stabilization Program (NSP). NSP was developed in response to the Great Recession
to prevent the loss of affordable housing through foreclosures.

Dave's Thoughts On Southpoint Crossing Apartments

This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Southpoint Crossing Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Income Qualification for Southpoint Crossing Apartments

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people 5 people 6 people 7 people 8 people
50% AMI for LIHTC Units $36,150 / year $41,300 / year $46,450 / year $51,600 / year $55,750 / year $59,900 / year $64,000 / year $68,150 / year
50% AMI for PBRA Units $36,150 / year $41,300 / year $46,450 / year $51,600 / year $55,750 / year $59,900 / year $64,000 / year $68,150 / year
60% AMI for LIHTC Units $43,380 / year $49,560 / year $55,740 / year $61,920 / year $66,900 / year $71,880 / year $76,800 / year $81,780 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Southpoint Crossing Apartments

Does Southpoint Crossing Apartments have a waiting list?

Southpoint Crossing Apartments probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Southpoint Crossing Apartments?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

In addition to Southpoint Crossing Apartments, how many other affordable housing properties (and units) are there in Florida City?

In addition to Southpoint Crossing Apartments, we list 14 other affordable properties in Florida City. Learn about these properties here. Our data research shows that there are a total of 1864 affordable units in Florida City.

Listings Near Southpoint Crossing Apartments

Orchid Grove

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switch_access_shortcut Short Wait
accessibility Accessible

Merritt Place Estates

701 SW 12th St, Florida City, Florida 33034

bed 3-4
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accessibility Accessible

Everglades Village Rrh

19308 SW 380th St, Florida City, Florida 33034

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Amarilys Pond Apartments

33700 SW 187th Ave, Florida City, Florida 33034

payment Subsidized
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accessibility Accessible

Princeton Manor

33690 SW 187th Ave, Florida City, Florida 33034

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Ambar Key

380 NE 4th Ave, Florida City, Florida 33034

bed 2-3
switch_access_shortcut Short Wait
accessibility Accessible
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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