The Delray Village Square Project encompasses a total site area of approximately 18 acres of vacant land in proximity to a stable residential neighborhood and some commercial development within the southwest corridor of Delray Beach. The general boundaries are SW 7th Street to the north, SW 10th Street to the south, Delray Beach Cemetery to the east and NW 13th Avenue/Auburn Avenue to the west. The development received an Approval from the City of Delray Beach to construct 253 units consisting of Elderly Housing, Multi-Family Housing and Single Family Market Rate units on the entire 18 acre site.
Project-Based Vouchers
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 Bedroom (1/1) | 750 | Call for Price |
2 Bedroom (2/2) | 950 | Call for Price |
3 Bedroom (3/2) | 1267 | Call for Price |
4 Bedroom (4/2) | 1502 | 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.