7693 Alicia Ln, Sarasota, FL 34243
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 2 Beds | 1 - 2 Baths | 288 - 864 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Open the door to exceptional living in a pet-friendly apartment at Palm Place Apartments. Choose from a variety of studio, 1 & 2 bedroom floor plans to find the space that speaks to you at their impressive community in Sarasota, Florida. No matter your layout preference, you will be rewarded with an unbeatable assortment of next-level features and amenities.
Take control of your day with an onsite laundry care facility and washer and dryer connections in your new home. Oversized walk-in closets and additional storage options mean it’s easy to stay organized and make the most of your space. They even offer online rental payment, so taking care of business is quick and easy. Your time is better spent enjoying the simple things – like a spacious private patio that’s perfect for quiet afternoons with a favorite book.
Discover the studio, 1 & 2 bedroom apartment tailor-made for your lifestyle at Palm Place Apartments.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Palm Place Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| The Bristol (Studio/1) | 288ft2 | Call for Price† |
| The Hampton (1/1) | 576ft2 | Call for Price† |
| The Hampton Renovated (1/1) | 576ft2 | Call for Price† |
| The Sterling (2/1) | 864ft2 | Call for Price† |
| The Sterling Renovated (2/1) | 864ft2 | Call for Price† |
| The Hadley Renovated (2/2) | 864ft2 | Call for Price† |
| The Hadley (2/2) | 864ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $32,000 / year | $36,600 / year | $41,150 / year | $45,700 / year |
| 50% AMI for PBRA Units | $32,000 / year | $36,600 / year | $41,150 / year | $45,700 / year |
| 60% AMI for LIHTC Units | $38,400 / year | $43,920 / year | $49,380 / year | $54,840 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Palm Place Apartments have a waiting list?
Palm Place Apartments probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Palm Place Apartments?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Palm Place Apartments?
Palm Place Apartments is managed by Harbor Group Management headquartered in Norfolk, VA.
In addition to Palm Place Apartments, how many other affordable housing properties (and units) are there in Sarasota?
In addition to Palm Place Apartments, we list 54 other affordable properties in Sarasota. Learn about these properties here. Our data research shows that there are a total of 1879 affordable units in Sarasota.
Do you have little or no income?
You can qualify for most rental assistance programs, including Section 8 and Public Housing, even if you have little or no income.Bianca Gonalez says:
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