Affordable Housing In Winter Park
Orange County, Florida

8 Low Income Apartment Communities In Winter Park

Tranquil Terrace

845 W Swoope Ave
Winter Park, FL
Income Based
Studio-1 BR

The Meadows Apartment

718 Margaret Sq
Winter Park, FL
Income Based
1-5 BR

San Jose Apartments

2353 Winter Woods Blvd
Winter Park, FL
Call For Rent
1-3 BR
HCV Welcome

The Oaks and the Meadows

700 N Denning Dr
Winter Park, FL
Elderly Supportive Housing

Calvary Towers

1099 Clay St
Winter Park, FL
Elderly Supportive Housing

Winter Park Oaks Phase II

303 Balfour Dr
Winter Park, FL
HCV Welcome

Golden Oaks Apartments

7715 Acorn Woods Cir
Winter Park, FL
HCV Welcome

Howell Branch Cove

7800 Spirit Ln
Winter Park, FL
HCV Welcome
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Housing Authorities that serve Winter Park

Housing Authority Programs
Winter Park Housing Authority Public Housing
Orange County Housing and Community Development Division Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Winter Park, Florida

There are 8 low income housing apartment communities offering 683 affordable apartments for rent in Winter Park, Florida. Winter Park features 375 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 308 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Winter Park.

Sourced from federal housing data and research.

Winter Park, FL Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 683
Total Housing Units with Rental Assistance 375
Percentage of Housing Units Occupied By Renters 35.01%
Average Renter Household Size 2.18
Average Household Size 2.32
Median Household Income $59,405 ±$3,629
Median Rent $996 ±$41
Percentage Of Renters Overburdened 49.07% ± 5.58pp
Total Population 29,182

Population and Household Demographics

Winter Park is a City in Orange County, Florida with a population of 29,182. There are 11,793 households in the city with an average household size of 2.32 persons. 35.01% of households in Winter Park are renters.

Income and Rent Overburden in Winter Park

The median gross income for households in Winter Park is $59,405 a year, or $4,950 a month. The median rent for the city is $996 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Winter Park, a household making less than $3,320 a month would be considered overburdened when renting an apartment at or above the median rent. 49.07% of households who rent are overburdened in Winter Park.1

Area Median Income In Winter Park

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 Winter Park, the AMI is calculated from all households within Orange County.

In Winter Park, HUD calculates the Area Median Income for a family of four as $65,100

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 Winter Park

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 Winter Park HUD Rental Assistance in Winter Park

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,600 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,300 $27,800 $31,250 $34,700 $37,500 $40,300 $43,050 $45,850
80% of Median $38,850 $44,400 $49,950 $55,500 $59,950 $64,400 $68,850 $73,300
Low Income Housing Tax Credits in Winter Park

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

From 1993 to 2011, 3 low income apartment communities containing 274 rental apartments have been constructed and made affordable to low income persons in Winter Park 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 Winter Park

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $24,300 $27,800 $31,250 $34,700 $37,500 $40,300 $43,050 $45,850
60% of Median $29,160 $33,360 $37,500 $41,640 $45,000 $48,360 $51,660 $55,020

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 Winter Park is $37,500 a year, or $3,125 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,125 by 30% to get a maximum rent of $938 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% $608 $651 $781 $903 $1,008 $1,111
60% $729 $782 $938 $1,083 $1,209 $1,334
Fair Market Rents in Winter Park

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
$989 $1,064 $1,248 $1,636 $1,956