4330 Community Drive, West Palm Beach, FL 33409
Waiting List Forecast: Likely Short or None
Verified for 2022 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 - 2 Baths | - |
This property is currently under construction.
This community is under construction. Please join their mailing list to be notified when they are receiving calls.
Georgian Gardens Apartments a new four-story apartment building located at 4330 Community Drive, West Palm Beach, Florida. The development will be comprised of 87 affordable housing apartments for elderly residents, 79 of which will be 1-bedroom/1-bathroom units and 8 of which will be 2-bedroom/2-bathroom apartments. Nine (9) apartments will be set aside for residents at or below 33% of AMI and 78 units will be set aside for residents at or below 60% of AMI. There will be 100 parking spaces provided. The ground floor of the apartment community will have a fitness center and multi-purpose room for events and gatherings.
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 Georgian Gardens 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 |
|---|---|---|
| 1 Bedroom (1/1) | - | Call for Price† |
| 2 Bedroom (2/2) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $34,100 / year | $39,000 / year | $43,850 / year | $48,700 / year |
| 50% AMI for PBRA Units | $34,100 / year | $39,000 / year | $43,850 / year | $48,700 / year |
| 60% AMI for LIHTC Units | $40,920 / year | $46,800 / year | $52,620 / year | $58,440 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Georgian Gardens Apartments have a waiting list?
Georgian Gardens 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 Georgian Gardens 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 Georgian Gardens Apartments?
Georgian Gardens Apartments is managed by Related Companies headquartered in Irvine, California.
In addition to Georgian Gardens Apartments, how many other affordable housing properties (and units) are there in West Palm Beach?
In addition to Georgian Gardens Apartments, we list 103 other affordable properties in West Palm Beach. Learn about these properties here. Our data research shows that there are a total of 6690 affordable units in West Palm Beach.
1386 Summit Pines Blvd, West Palm Beach, Florida 33415
1383 Summit Pines Blvd, West Palm Beach, Florida 33415
750 Malibu Bay Dr, West Palm Beach, Florida 33401
1921 Abbey Rd, West Palm Beach, Florida 33415
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