Tanglewood Apartments is located on Sixteenth Street, just off Spruce.
The 40-unit complex is a NO-SMOKING, low-income senior housing Tax Credit project; designated for occupants 62 years of age or older that is capable and desires to live independently.
The project contains 36 one-bedroom apartments, which have 742 square feet of living space, and four two-bedroom, two-baths apartments, which have 1014 square feet of living space. All units have a kitchen, dining room, and a living room. Handicap-equipped units have ADA approved showers, lowered light switches and appliances designed for wheelchair users.
Library & Computer Room - A Library is set up on the First Floor complete with on-line computers for residents use.
Multi-Purpose Room - A multi-purpose room is available for meetings, hobby/craft classes, and wellness and exercise programs. Regularly planned activities and social gatherings, guided by the interest of those who reside at Tanglewood Apartments will have full use of this room.
|1 Bedroom (1/1)||-||Call for Price|
|2 Bedroom (2/2)||-||Call for Price|
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.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Florence but actual income limits may differ for units at Tanglewood Apartments.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$27,900||$31,850||$35,850||$39,800||$43,000||$46,200||$49,400||$52,550|
|Low Income (60%)||$33,480||$38,220||$43,020||$47,760||$51,600||$55,440||$59,280||$63,060|
Tanglewood Apartments is managed by Lovelace Development, LLC.