College Arms I

2305 Husson Ave, Palatka, Florida 32177

College Arms I & II Apartments is an affordable apartment home community in Palatka, FL. We offer 24-hour emergency maintenance, a laundry room, a playground and much more. We are conveniently located west of the Palatka Golf Club. and near shopping, dining, and public transportation stops. Please call our site manager for more information.

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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - Call for Price
Two Bedroom (2/1) - Call for Price
Three Bedroom (3/2) - Call for Price
Four Bedroom (4/2) - Call for Price

College Arms I Details

  • 94 one, two, three and four bedroom units.
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Playground
  • Laundry Room
  • 24hr Emergency Maintenance

Unit Amenities

  • Cable Ready
  • Walk-in Closet(s)
  • Window Coverings
  • Carpet

Nearby Amenities

  • Close to Dining
  • Close to Public Transportation
  • Close to Shopping
  • Near Schools

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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.

Palatka 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 Palatka but actual income limits may differ for units at College Arms I.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $13,590 $18,310 $23,030 $27,750 $32,470 $35,250 $37,650 $40,100
50% $21,250 $24,300 $27,350 $30,350 $32,800 $35,250 $37,650 $40,100
80% $34,000 $38,850 $43,700 $48,550 $52,450 $56,350 $60,250 $64,100

College Arms I is managed by Royal American Management.

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