Isles of Pahokee II, a 129-unit apartment community located just outside the city limits of Pahokee, Fla. The property was a designated public housing and will be preserved as affordable housing consisting of 34 units set aside to heads of households aged 55 and over earning at or below 60 percent and 33 percent of the Palm Beach County area median income (AMI).
HTG renovated the 129-units on two sites located at Padgett Circle and E. 7th Street and at Shirley Drive and Belle Glade Road, both in unincorporated Palm Beach County, with scheduled delivery in early 2020. The new community will offer a mix of affordably priced apartments ranging from 20 efficiencies, 60 one-bedroom, 41 two-bedroom, and eight three-bedroom units. The open floor plans units come stocked with full-size Energy-Star appliances and ceiling fans, washer and dryer hook-ups, and green design features. The property amenities include a communal resident space with a community center.
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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.
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.
Isles of Pahokee II is managed by Pahokee Housing Authority.