Encore at 331: 258 apartments on 331 in Freeport

That's nothing compared to what's coming to Bay Loop and Hwy 20.

In addition there's phase III of Sanctuary and then some more apartments across the street.

That's nothing compared to what's coming to Bay Loop and Hwy 20.

In addition there's phase III of Sanctuary and then some more apartments across the street.

Would love to see more details.

The apartments in the OP have been approved by the Walton County Technical Review Committee (TRC).

Includes 20-year commitment for 52 units to be "affordable" for applicants at 120% of average median income (AMI) for the area. Amounting to about $300-$400 reduction in rent compared to the other apartments, according to developer.

Sounds like they still will be too expensive for most workers to afford to live in the area- my son just signed a lease in Austin Texas, brand new complex - didn't realize it was the units for "affordable income housing" he had to have an income of 88,000 a year , he is 26 , the normal income had to be 120,000 a year. I was a little shocked to say the least. Wonder what the average median income is for Walton Co.?

Low Income Apartments in Walton County, Florida

There are 7 low income housing apartment communities offering 352 affordable apartments for rent in Walton County, Florida. Walton County features 198 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there...

affordablehousingonline.com

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Population and Household Demographics​

Walton County is a county in Florida with a population of 59,487. There are 23,490 households in the county with an average household size of 2.45 persons. 28.23% of households in Walton County are renters.

Income and Rent Overburden in Walton County​

The median gross income for households in Walton County is $44,966 a year, or $3,747 a month. The median rent for the county is $971 a month.


Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Walton County, a household making less than $3,237 a month would be considered overburdened when renting an apartment at or above the median rent. 48.15% of households who rent are overburdened in Walton County.

Area Median Income In Walton County​

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.


In Walton County, HUD calculates the Area Median Income for a family of four as $85,300


Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Encore at 331 approved unanimously by the BCC.