Timber Sound Apartments, located at 4963 Raleigh Street in Orlando, has two and three bedroom apartments. Timber Sound Apartments participates in the Low-Income Housing Tax Credit (LIHTC) program.
|Two Bedroom (2/2)||1014||From $342|
|Three Bedroom (3/2)||1058||From $375|
Timber Sound Apartments in Orlando, FL offers affordable two and three bedroom garden style apartments less than 15 minutes from downtown Orlando, only 20 minutes from Universal Studios, 30 minutes from Walt Disney World and 30 minutes from Orlando International Airport. Timber sound is only 5 minutes from the widely sought after Orlovista community in Orange County, FL. Our two story buildings offer fully equipped kitchens, washer and dryer connections and parking is included. Our community features a sparking pool with sun deck, volleyball court and a playground. Renovations will be starting soon, so stay tuned for more community and apartment details to come in the upcoming months. We look forward to having you as a resident. Call today for more information.
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.
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 Timber Sound Apartments.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$24,300||$27,800||$31,250||$34,700||$37,500||$40,300||$43,050||$45,850|
|Low Income (60%)||$29,160||$33,360||$37,500||$41,640||$45,000||$48,360||$51,660||$55,020|
Timber Sound Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.
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.
Timber Sound Apartments is managed by WinnResidential .