Lindsey Terrace

6455 Argyle Forest Blvd, Jacksonville, Florida 32244

Lindsey Terrace Details

  • 336 units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

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.

Public Housing

Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.

Jacksonville HUD Rental Assistance Income Qualifications

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $15,450 $17,650 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% $25,750 $29,400 $33,100 $36,750 $39,700 $42,650 $45,600 $48,550
80% $41,200 $47,050 $52,950 $58,800 $63,550 $68,250 $72,950 $77,650

Jacksonville Low Income Housing Tax Credit Income Qualifications

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% $25,750 $29,400 $33,100 $36,750 $39,700 $42,650 $45,600 $48,550
60% $30,900 $35,280 $39,720 $44,100 $47,640 $51,180 $54,720 $58,260

These general income qualifications for Jacksonville, Florida should only be used as a basic guide. To find out if you qualify, contact the community directly.

Lindsey Terrace was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program and receives rental subsidies through HUD-Assisted Housing. These programs have different income limits that can lead to apartments in the same property having different income requirements.

You can make up to 80% of the Area Median Income (AMI) and be eligible for a HUD-Assisted Housing unit. However, you can earn at most 60% of AMI to be eligible for a LIHTC property and many units may be set aside for those with the lowest incomes (down to 15% of AMI). LIHTC properties may also contain some market rate units.

Since Lindsey Terrace has both programs, the most restrictive of the income limits will apply for each unit. If the entire property is funded by LIHTC, the LIHTC income limit of 60% AMI would be used for all units. Apartments in properties with some units not funded by the LIHTC, but receiving Section 8 assistance, would be open to households making up to 80% AMI. Market rate units would have no subsidies or income restrictions.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Lindsey Terrace is managed by Jacksonville Housing Authority.