Affordable Housing In Port Charlotte
Charlotte County, Florida

7 Low Income Apartment Communities In Port Charlotte

Calusa Springs Apartments

17218 Toledo Blade Blvd, Unit 9
Port Charlotte, FL
Call For Rent
4 BR

Villa San Carlos II

22250 Vick St
Port Charlotte, FL
Elderly Supportive Housing

Presbyterian Homes of Charlotte, Inc

2295 Aaron St
Port Charlotte, FL
Elderly Supportive Housing

Villa San Carlos

2550 Easy St
Port Charlotte, FL
Elderly Supportive Housing

Harbor Place Apartments

632 Elliott Cir
Port Charlotte, FL
Disabled Supportive Housing

Charleston Cay

23450 Charleston Cir
Port Charlotte, FL
HCV Welcome

Murdock Circle

17840 Murdock Cir
Port Charlotte, FL
HCV Welcome
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Housing Authorities that serve Port Charlotte

Housing Authority Programs
Punta Gorda Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-sufficiency; Veteran Affairs Supportive Housing (VASH); Mainstream Voucher

Guide To Affordable Housing in Port Charlotte, Florida

According to federal housing data and research, there are 7 low income housing apartment communities offering 607 affordable apartments for rent in Port Charlotte, Florida. Port Charlotte features 215 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 392 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Port Charlotte.

Port Charlotte, FL Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 607
Total Housing Units with Rental Assistance 215
Percentage of Housing Units Occupied By Renters 24.15%
Average Renter Household Size 2.62
Average Household Size 2.38
Median Household Income $38,896 ±$1,864
Median Rent $910 ±$40
Percentage Of Renters Overburdened 54.65% ± 6.07pp
Total Population 56,434

Population and Household Demographics

Port Charlotte is a City in Charlotte County, Florida with a population of 56,434. There are 23,486 households in the city with an average household size of 2.38 persons. 24.15% of households in Port Charlotte are renters.

Income and Rent Overburden in Port Charlotte

The median gross income for households in Port Charlotte is $38,896 a year, or $3,241 a month. The median rent for the city is $910 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Port Charlotte, a household making less than $3,033 a month would be considered overburdened when renting an apartment at or above the median rent. 54.65% of households who rent are overburdened in Port Charlotte.1

Area Median Income In Port Charlotte

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Port Charlotte, the AMI is calculated from all households within Charlotte County.

In Port Charlotte, HUD calculates the Area Median Income for a family of four as $57,300

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Port Charlotte

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Port Charlotte HUD Rental Assistance in Port Charlotte

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $30,170 $33,250 $35,550 $37,850
50% of Median $20,100 $22,950 $25,800 $28,650 $30,950 $33,250 $35,550 $37,850
80% of Median $32,100 $36,700 $41,300 $45,850 $49,550 $53,200 $56,900 $60,550
Low Income Housing Tax Credits in Port Charlotte

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 2002 to 2007, 2 low income apartment communities containing 392 rental apartments have been constructed and made affordable to low income persons in Port Charlotte by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Port Charlotte

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $20,100 $22,950 $25,800 $28,650 $30,950 $33,250 $35,550 $37,850
60% of Median $24,120 $27,540 $30,960 $34,380 $37,140 $39,900 $42,660 $45,420

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Port Charlotte is $30,960 a year, or $2,580 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,580 by 30% to get a maximum rent of $774 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $503 $538 $645 $745 $831 $918
60% $603 $646 $774 $894 $998 $1,101
Fair Market Rents in Port Charlotte

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$799 $818 $1,022 $1,436 $1,794