Pine Run Villas is managed by Housing Trust Group.
Number of Units: 63
Completion: 2013
Pine Run Villas is located in the scenic ocean-side city of Lake Worth, Florida. Unwind and rejuvenate in the privacy of your home. Step out into the sunshine and relax by the resort inspired pool or meet a neighbor in the social lounge. We are conveniently located near John Prince Park, Palm Beach Community College, JFK Medical Center, shopping, schools, public transportation and employment.
Pine Run Villas is a unique affordable townhome development in the heart of Palm Beach County. All units at Pine Run Villas have either 3 or 4 bedrooms and each has an attached garage, making this an ideal home for a large family. Pine Run Villas was financed after HTG applied for and received an award of Neighborhood Stabilization Funds from Palm Beach County pursuant to a competitive process in 2012. Pine Run Villas is a shining example of luxury affordable housing in Palm Beach County.
Amenities at Pine Run include a community center/clubhouse, swimming pool, 1/2 basketball court, and tot lot.
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 Greenacres but actual income limits may differ for units at Pine Run Villas.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $34,100 | $39,000 | $43,850 | $48,700 | $52,600 | $56,500 | $60,400 | $64,300 |
Low Income (60%) | $40,920 | $46,800 | $52,620 | $58,440 | $63,120 | $67,800 | $72,480 | $77,160 |
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.