P3X1 - Affordable Housing Study 5

Howell Branch Cove

Property Information
Development Name: Howell Branch Cove
Address: 7800 Spirit Lane, Orlando, FL 32792
Housing Programs: Exhchange; Housing Credits 9%
Target Population: Family; Link
Year Built: 2010
Year of Subsidy Expiration: 2062
Owner Type: Non-Profit

Units and Buildings
Total Units: 58
HUD/RD Rental Assistance Units: 58
Total Living Area: N/A
Number of Buildings: 10
1 Bedroom Units: -
2 Bedroom Units: -
3 Bedroom Units: 58
Units with income restrictions <=35% AMI: 6
Units with income restrictions 40-50% AMI: -
Units with income restrictions 55-60% AMI: -
Units with income restrictions 65-80% AMI: 52
Units with income restrictions >80% AMI: -
Percentage of Units Occupied: 100%

Average Rents
1 Bedroom: -
2 Bedroom: -
3 Bedroom: $780
Average Rent/FMR Ratio: 70

Household Composition
Average Household Size (Persons): 3.19
Percentage of Households with Elderly: 5%
Percentage of Households with Children: 78%

Demographics
Average Annual Household Income: $24,776
Average Percentage compared to Area Median Income: 47.67%
Household Income ($0-$4,999): 2
Household Income ($5,000-$9,999): 3
Household Income ($10,000-$14,999): 5
Household Income ($15,000-$19,999): 16
Household Income ($20,000 and Above): 74