Andrews Place I
1914 Frankford Ave, Panama City, FL 32405
32 1BR, 102 2BR, 66 3BR
- Apartments
- 200
- Income-restricted
- 200
- Placed in service
- 2004
Florida
Tax credit apartments in Panama City, FL
HUD's database lists 10 properties in Panama City built or rehabbed with low-income housing tax credits: 1,016 apartments, 1,016 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 Listings come from HUD's database and may be out of date.
Andrews Place II
1914 Frankford Ave, Panama City, FL 32405
24 1BR, 60 2BR, 36 3BR
- Apartments
- 120
- Income-restricted
- 120
- Placed in service
- 2006
Edgewood Apts
3325 W 23rd St, Panama City, FL 32405
16 1BR, 42 2BR, 28 3BR, 8 4BR
- Apartments
- 94
- Income-restricted
- 94
- Placed in service
- 2011
Foxwood
1701 Hamilton Ave, Panama City, FL 32405
- Apartments
- 100
- Income-restricted
- 100
- Placed in service
- 2013
Hilltop Pointe
4514 Hilltop Lane, Panama City, FL 32405
28 2BR, 18 3BR, 4 4BR
- Apartments
- 50
- Income-restricted
- 50
- Placed in service
- 2022
Pana Villa
1802 Flower Ave, Panama City, FL 32405
16 1BR, 24 2BR, 24 3BR, 8 4BR
- Apartments
- 72
- Income-restricted
- 72
- Placed in service
- 2011
Panama Commons
1001 Sherman Ave, Panama City, FL 32401
50 2BR, 34 3BR, 8 4BR
- Apartments
- 92
- Income-restricted
- 92
- Placed in service
- 2011
Pelican Pointe
10320 Clarence Street, Panama City, FL 32407
45 2BR, 27 3BR, 6 4BR
- Apartments
- 78
- Income-restricted
- 78
- Placed in service
- 2018
Siena Gardens
901 W 19th St, Panama City, FL 32405
HUD lists it as senior housing · 78 1BR, 72 2BR
- Apartments
- 150
- Income-restricted
- 150
- Placed in service
- 2003
Springfield Crossings
3818 8th Street East, Panama City, FL 32401
36 2BR, 24 3BR
- Apartments
- 60
- Income-restricted
- 60
- Placed in service
- 2022
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.