Cayo Del Mar
5501 Third Ave, Key West, FL 33040
8 1BR, 89 2BR, 33 3BR
- Apartments
- 130
- Income-restricted
- 130
- Placed in service
- 2005
Florida
Tax credit apartments in Key West, FL
HUD's database lists 9 properties in Key West built or rehabbed with low-income housing tax credits: 661 apartments, 547 of them income-restricted. Rents in those units are capped while each property's affordability agreement runs, and you qualify by income; many properties still keep waiting lists.
Equal housing opportunity. Tax credit properties must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin, and they may not refuse an applicant because the applicant holds a Housing Choice (Section 8) voucher (IRC 42(h)(6)(B)(iv)). Properties HUD lists as senior housing may limit who lives there by age only as the Fair Housing Act's housing-for-older-persons exemption allows. To report housing discrimination, call HUD at 1-800-669-9777.
LIHTC Atlas does not own, manage or rent these apartments and does not take applications. Contact each property's management for availability, rents and income rules. Listings come from HUD's database and may be out of date.
Douglass Square
800 Emma St, Key West, FL 33040
- Apartments
- 52
- Income-restricted
- 18
- Placed in service
- 1989
Flagler Village
5300 Macdonald Ave, Key West, FL 33040
1 1BR, 26 2BR, 22 3BR
- Apartments
- 49
- Income-restricted
- 49
- Placed in service
- 2011
Mariner's Cove - Key West
3314 Northside Dr, Key West, FL 33040
36 1BR, 33 2BR, 9 3BR
- Apartments
- 78
- Income-restricted
- 78
- Placed in service
- 1996
Marty's Place
1909 Venetia Street, Key West, FL 33040
47 1BR
- Apartments
- 47
- Income-restricted
- 47
- Placed in service
- 2020
Meridian West
6701 Shrimp Rd, Key West, FL 33040
17 1BR, 68 2BR, 17 3BR
- Apartments
- 102
- Income-restricted
- 102
- Placed in service
- 2004
Poinciana Royale
1341 Mccarthy Ln, Key West, FL 33040
50 1BR
- Apartments
- 50
- Income-restricted
- 50
- Placed in service
- 2011
Quarry
10 Betty Rose Drive, Key West, FL 33040
24 1BR, 64 2BR, 8 3BR
- Apartments
- 96
- Income-restricted
- 44
- Placed in service
- 2019
Quarry III
10 Betty Rose Drive, Key West, FL 33040
- Apartments
- 57
- Income-restricted
- 29
- Placed in service
- 2021
Source: HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026; projects placed in service through 2024). Properties a state agency has flagged as no longer monitored are left out; properties placed in service after 2024 are not in HUD's database yet.
How tax credit apartments work
Each income-restricted unit has a maximum rent set from the area's income limits: gross rent, including a utility allowance for tenant-paid utilities, can't go above 30% of the income limit for the unit's size. The rent doesn't change with your own income, so a household near the bottom of the range pays the same rent as one near the top. That's different from public housing or a voucher, where you pay a share of what you earn.
To qualify, your household's income has to be at or under the limit the unit is set at, usually 50% or 60% of the area median, and up to 80% in some buildings. Management checks income, and assets, when you apply. A household made up entirely of full-time students generally can't qualify, with exceptions in IRC 42(i)(3)(D) such as single parents and married students filing jointly. More on qualifying.
You can apply with a Housing Choice voucher, and the property can't turn you down because you have one.