4728 Big Ben Ln, Greenacres, FL 33463
Waiting List Forecast: Likely Short or None
Verified for 2023 by Lorena Bentley, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
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.
Number of Units: 63
Completion: 2013
Pine Run Villas is located in the scenic ocean-side city of Lake Worth, Florida. Unwind and rejuvenate in the privacy of your home. Step out into the sunshine and relax by the resort inspired pool or meet a neighbor in the social lounge. We are conveniently located near John Prince Park, Palm Beach Community College, JFK Medical Center, shopping, schools, public transportation and employment.
Pine Run Villas is a unique affordable townhome development in the heart of Palm Beach County. All units at Pine Run Villas have either 3 or 4 bedrooms and each has an attached garage, making this an ideal home for a large family. Pine Run Villas was financed after HTG applied for and received an award of Neighborhood Stabilization Funds from Palm Beach County pursuant to a competitive process in 2012. Pine Run Villas is a shining example of luxury affordable housing in Palm Beach County.
Amenities at Pine Run include a community center/clubhouse, swimming pool, 1/2 basketball court, and tot lot.
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 Pine Run Villas 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.
~ Dave Layfield, Founder of Affordable Housing Online
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $34,100 / year | $39,000 / year | $43,850 / year | $48,700 / year | $52,600 / year | $56,500 / year | $60,400 / year | $64,300 / year |
| 50% AMI for PBRA Units | $34,100 / year | $39,000 / year | $43,850 / year | $48,700 / year | $52,600 / year | $56,500 / year | $60,400 / year | $64,300 / year |
| 60% AMI for LIHTC Units | $40,920 / year | $46,800 / year | $52,620 / year | $58,440 / year | $63,120 / year | $67,800 / year | $72,480 / year | $77,160 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Pine Run Villas have a waiting list?
Pine Run Villas 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 Pine Run Villas?
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.
What property management company manges Pine Run Villas?
Pine Run Villas is managed by Housing Trust Group headquartered in coconut grove, FL.
In addition to Pine Run Villas, how many other affordable housing properties (and units) are there in Greenacres?
In addition to Pine Run Villas, we list 13 other affordable properties in Greenacres. Learn about these properties here. Our data research shows that there are a total of 371 affordable units in Greenacres.
When was the Pine Run Villas listing last updated?
Pine Run Villas listing on Affordable Housing Online was last updated on 01/02/2023 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
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