Colonial Park

1300 Banks Road, Margate, Florida 33063

Contact Colonial Park

Located in Margate, this new adult rental community offers a beautiful swimming pool, balconies, close to shopping, dining, and includes a picnic area with barbeque grill. Income Restrictions apply.

Unit (Bd/Ba)	Ft²	Rent
Birch (1/1)	601	Call for Price
Cypress (2/1)	780	Call for Price

Eligibility for Colonial Park

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 Margate but actual income limits may differ for units at Colonial Park.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$33,600	$38,400	$43,200	$48,000
Low Income (60%)	$40,320	$46,080	$51,840	$57,600

Colonial Park Details

160 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Controlled Access
Elevator
Fitness Center
Playground
Community Room

Unit Amenities

Ceiling Fan(s)
Central Air
Dishwasher
Cable and Satellite TV
Walk-in Closet(s)
Window Coverings
Carpet
Patio Deck Or Balcony

Nearby Amenities

Close to Business District
Close to Public Transportation
Close to Shopping

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.