The Preserve Emerald Villas

5450 Cholla Way, Orlando, Florida 32808

The Preserve at Emerald Villas Community
Affordable apartments for the active adult (55+) ranging in area median income (AMI) of 40%, 50%, and 60%.

Residents of The Preserve will have access to a host of new and exciting benefits that include a computer and library room, clubroom with kitchenette, and landscaped outdoor area with picnic tables.

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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 616 Call for Price
Two Bedroom (2/1) 777 Call for Price

The Preserve Emerald Villas Details

  • 264 one and two bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • State or Local Program

Property Amenities

  • Library
  • Computer Room
  • Wireless Internet Access
  • Pet Friendly

Unit Amenities

  • Utilities Included
  • Spacious floor plans
  • Washer and Dryer Included

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.

Orlando Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Orlando but actual income limits may differ for units at The Preserve Emerald Villas.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $29,050 $33,200 $37,350 $41,450 $44,800 $48,100 $51,400 $54,750
Low Income (60%) $34,860 $39,840 $44,820 $49,740 $53,760 $57,720 $61,680 $65,700

The Preserve Emerald Villas is managed by Related Companies.

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