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Fernwood Apartments

935 Pennsylvania Ave, Miami Beach, Florida 33139

Fernwood Apartments Details

  • 18 bedroom units.
  • Supportive Housing for Persons with Disabilities
  • HOME Investment Partnerships Program

Supportive Housing for Persons with Disabilities

Since this property was built or renovated using funding from HUD's current Section 811 Supportive Housing for Persons with Disabilities program or legacy Section 202 program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one adult member with a disability. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.

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.

Miami Beach HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Miami Beach but actual income limits may differ for units at Fernwood Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $19,200 $21,950 $24,700 $27,400 $30,680 $35,160 $39,640 $44,120
50% $32,000 $36,600 $41,150 $45,700 $49,400 $53,050 $56,700 $60,350
80% $51,200 $58,500 $65,800 $73,100 $78,950 $84,800 $90,650 $96,500

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