About This Malabar Cove
Malabar Cove, located in Palm Bay, FL, offers affordable housing options through the Low-Income Housing Tax Credit program. This program incentivizes builders and developers to provide affordable housing for low-income individuals by imposing rent and income restrictions based on the Area Median Income (AMI). However, the maximum rent charged may still be unaffordable for some low-income individuals. There are 76 low-income apartments available, and interested applicants can contact them directly to see if they qualify to live here. The apartment complex is owned by Southern Affordable Services Inc. and offers a range of community amenities, including a business center, fitness studio, pool, playground, and more. The apartments themselves feature granite countertops, energy-efficient appliances, large closets, and the option for washer/dryer rentals. Pets are allowed with a weight limit of 30 lbs each. Applicants must include income verification for all adults expected to reside at the apartment. Waiting lists are common for LIHTC units for rent.
How to apply
Public housing is a form of housing tenure in which the property is usually owned by a government
authority, either central or local. The federal Housing and Urban Development (HUD) department
addressed concerns of distressed properties and blighted superblocks with revitalization and funding
projects for the renewal of public housing to decrease its density and allow for tenants with mixed
income levels.
1. Check Your Eligibility Criteria
2. Search For Your Local Housing Authority
3. Fill In And Submit The Application Form
4. Check Your Waiting List Status
5. Move Into An Unit
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