Colonial Park

1300 Banks Road, Margate, FL 33063

Waiting List Forecast: Likely Short or None

check_circleVerified for 2019 by Colleen Carter, Ric Gresia
Rent Beds Baths SqFt
Call for Rents 1 - 2 Beds 1 Bath 601 - 780 Sq Ft
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.

Located in Margate, this new adult rental community offers a beautiful swimming pool, balconies, close to shopping, dining, and includes a picnic area with barbeque grill. Income Restrictions apply.
Dave's Thoughts On Colonial Park

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 Colonial Park 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, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Colonial Park Amenities

  • Controlled Access
  • Elevator
  • Fitness Center
  • Playground
  • Community Room
  • Close to Business District
  • Close to Public Transportation
  • Close to Shopping
  • Ceiling Fan(s)
  • Central Air
  • Dishwasher
  • Cable and Satellite TV
  • Walk-in Closet(s)
  • Window Coverings
  • Carpet
  • Patio Deck Or Balcony

Units at Colonial Park

Unit (Bd/Ba) Ft2 Rent
Birch (1/1) 601ft2 Call for Price
Cypress (2/1) 780ft2 Call for Price

Income Qualification for Colonial Park

*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
50% AMI for LIHTC Units $33,600 / year $38,400 / year $43,200 / year $48,000 / year
50% AMI for PBRA Units $33,600 / year $38,400 / year $43,200 / year $48,000 / year
60% AMI for LIHTC Units $40,320 / year $46,080 / year $51,840 / year $57,600 / year

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

FAQs for Colonial Park

Does Colonial Park have a waiting list?

Colonial Park 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 Colonial Park?

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 Colonial Park?

Colonial Park is managed by Triad Residential Management headquartered in Davie, Florida.

In addition to Colonial Park, how many other affordable housing properties (and units) are there in Margate?

In addition to Colonial Park, we list 6 other affordable properties in Margate. Learn about these properties here. Our data research shows that there are a total of 260 affordable units in Margate.

Listings Near Colonial Park

Arbor View

3100 North State Road 7, Margate, Florida 33309

bed 1-2
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Celebration Pointe

5555 Celebration Point Ln, Margate, Florida 33063

bed 3
payment $2603/mo.

6890- 6857 SW 5th St

6954 SW 5th St, Margate, Florida 33068

bed 2
payment $1850/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

Avalon Toscana

3050 Toscana Ln W, Margate, Florida 33063

bed 3
payment $2900/mo.

Tropical View Apartments Margate

1241-1251 W River Dr, Margate, Florida 33063

bed 1-2
payment $1575-1875/mo.

1344 W River Dr

1344 W River Dr, Margate, Florida 33063

bed 3
payment $2505/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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