Thornbury Apartments

31 Chelsea St, Lake Placid, Florida 33852

Contact Thornbury Apartments

Thornbury Apartments offers beautiful garden apartments located in natural surroundings. Our 1 & 2 bedroom apartments have central air, premium flooring, scenic views and more. Our community is near parks, schools, and the library. We have a playground and tot lot for our younger residents to enjoy!

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	647	$550
2 Bedroom (2/1)	839	$625

Eligibility for Thornbury Apartments

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 Lake Placid but actual income limits may differ for units at Thornbury Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$22,950	$26,200	$29,500	$32,750
Low Income (60%)	$27,540	$31,440	$35,400	$39,300

Thornbury Apartments Details

48 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance

Property Amenities

Tot Lot
Playground
On-Site Manager
Laundry Room
Off-Street Parking
24 Hour Maintenance

Unit Amenities

Central Air
Cable and Satellite TV
Window Coverings
Premium Flooring
Yard
Patio Deck Or Balcony
Scenic View

Nearby Amenities

Close to Business District
Close to Downtown District
Near Hospital
Near Library
Near Park
Near Schools

Low-Income Housing Tax Credit (LIHTC)

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.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.