Located in a quiet residential enclave of southwest Lake City at 1198 SW Anniston Circle, Lake City, FL 32025 (minutes from HCA Florida Lake City Hospital, pharmacies, and shopping along US-90 and SR-47), Lakewood I & II Senior Apartments (Lakewood Apartments) is a `68`-unit independent senior apartment community reserved for older adults age `62+` or persons with disabilities. Financed and regulated through the USDA Rural Development Section 515 Rural Rental Housing Program (`USDA Section 521 Rental Assistance`) and the Florida Housing Finance Corporation (FHFC) Low-Income Housing Tax Credit (LIHTC) program, and professionally managed by Royal American Management, Inc. (Florida Sunbiz Document #610897; owner entity Lakewood Apartments, Ltd. `Doc# A08795` and general partner Royal American Development, Inc. `Doc# 598978`), the community offers barrier-free 1- and 2-bedroom apartments (`664` to `854` sq. ft.) where qualifying seniors with Rental Assistance pay no more than 30% of adjusted gross income toward rent.
Official Verification Sources: Royal American Management — Lakewood Apartments Official Property Page (Lake City); USDA Rural Development Multifamily Housing Rentals Portal
Issuer: USDA Rural Development / Florida Housing Finance Corporation (FHFC)
Notes: Lakewood Apartments, Ltd. (Sunbiz Doc #A08795), managed by Royal American Management, Inc. (Sunbiz Doc #610897), operates 68 USDA Section 515 / FHFC LIHTC elderly/disabled units at 1198 SW Anniston Cir, Lake City, FL 32025.
Factual details and direct answers about Lakewood I & II Senior Apartments — USDA Section 515 & LIHTC 62+ Senior Apartments's services, licensing, and credentials.
Who is eligible to live at Lakewood I & II Senior Apartments in Lake City?
Lakewood I & II Senior Apartments (68 units at 1198 SW Anniston Circle, Lake City, FL 32025) is designated under USDA Rural Development Section 515 and FHFC LIHTC guidelines for households where the head or co-head is age 62 or older, or has a qualifying disability, within low-to-moderate income limits.
How is monthly rent calculated at Lakewood Apartments?
On units covered by USDA Section 521 Rental Assistance, qualifying Lake City seniors pay approximately 30% of their adjusted gross monthly income toward rent, while non-RA units are capped at affordable FHFC LIHTC limits.
Connect with complementary legal, financial, and residential providers serving seniors in Lake City and Columbia County.
Three Rivers Legal Services, Inc. — Lake City Regional Office
Lake City, Columbia County
(386) 752-5960
Moses Wealth Advisors — Tammy D. Hall, CPA, PFS, Clarence E. Brown III, CFP® & Charles D. Cowen Jr., CPA, CPFA (Raymond James Financial Services)
Lake City, Columbia County
(386) 755-2260
The Canopy at Harper Lake (formerly The Heron of Lake City)
Lake City, Columbia County
(386) 344-6985
Expert guidance, benefit eligibility rules, and state protections for older Florida residents and family caregivers.
Thornwood Terrace Apartments — USDA Section 515 & FHFC SAIL/LIHTC 62+ Senior Apartments
Lake City, Columbia County
Columbia County Housing Authority — Juniper Way Elderly Public Housing Residences
Lake City, Columbia County
Five Ash Forest — Gated 55+ Manufactured Home Community
Lake City, Columbia County
Timberlane Mobile Home Community — 55+ Manufactured Home Park
Lake City, Columbia County
Disclaimer: This directory listing is for informational purposes only. Florida Senior Support does not endorse or guarantee the quality of services. Please verify information and services directly with the organization.