Located in coastal southern Wakulla County near Dickerson Bay and the Apalachicola National Forest at 45 Otter Lake Road, Panacea, FL 32346 (`(850) 984-4811`, TDD `(800) 955-8771`), Summer Trace Apartments is a `30`-unit single-story garden apartment community financed and regulated through the **U.S. Department of Agriculture (USDA) Rural Development Section 515 Rural Rental Housing** program, **USDA Section 521 Rental Assistance**, and the **Florida Housing Finance Corporation (`FHFC Property Key #0820`, 9% Low-Income Housing Tax Credits / `LIHTC`)**. Owned by `Summer Trace of Panacea Ltd.` (`Florida Sunbiz Doc# A33527`, affiliated with `Summer Trace, LLC`, `Doc# L13000000537`) and professionally managed by `Florida Management Associates, Inc.` (`FL DBPR License #CQ248944`), the property provides step-free 1-bedroom and multi-bedroom apartments serving coastal seniors (`62+`), persons with disabilities, and low-income households across Panacea (`32346`), Ochlockonee Bay (`32346`), and Sopchoppy (`32358`), with qualifying subsidized tenants paying `30%` of adjusted gross income toward rent.
Official Verification Sources: Florida Sunbiz Entity — Summer Trace of Panacea Ltd. (#A33527); USDA Rural Development Multi-Family Housing Rentals — Summer Trace (Panacea, FL); FloridaHousingSearch.org — Wakulla County Affordable Housing Directory
Issuer: USDA Rural Development & Florida Housing Finance Corporation (FHFC)
Notes: Summer Trace Apartments (Summer Trace of Panacea Ltd., Sunbiz Doc #A33527 / Summer Trace, LLC, Doc #L13000000537; managed by Florida Management Associates, Inc., DBPR #CQ248944) operates 30 USDA Section 515/521 and FHFC 9% LIHTC (#0820) units at 45 Otter Lake Rd, Panacea, FL 32346 ((850) 984-4811).
Factual details and direct answers about Summer Trace Apartments — USDA Section 515/521 & FHFC 9% LIHTC Coastal Community (Panacea)'s services, licensing, and credentials.
Is Summer Trace Apartments the only USDA/LIHTC subsidized apartment complex in coastal Panacea?
Yes. Summer Trace at 45 Otter Lake Road, Panacea, FL 32346 ((850) 984-4811) is the sole USDA Rural Development Section 515/521 and Florida Housing Finance Corporation 9% LIHTC (Property Key #0820) multi-family apartment complex in coastal southern Wakulla County, providing 30 income-restricted units for seniors, residents with disabilities, and low-income households.
Does Summer Trace in Panacea offer income-based rent subsidies for fixed-income retirees?
Yes. Qualifying low-income seniors and disabled tenants on USDA Section 521 Rental Assistance units pay no more than 30% of their adjusted monthly income toward rent and utility allowances, and the property also accepts North Central Florida Regional Housing Authority (FL049) Section 8 vouchers.
Connect with complementary legal, financial, and residential providers serving seniors in Panacea and Wakulla County.
Ausley McMullen — Crawfordville / Wakulla County Office (Frances "Francie" Casey Lowe, Esq., LL.M. & Sarah S. Butters, Esq.)
Crawfordville, Wakulla County
(850) 926-8245
Capital City Investments & Capital City Trust Company — Lisa R. McPherson, CRPC®, AAMS®, Greg Mayes & Allie VanLandingham (Crawfordville Branch)
Crawfordville, Wakulla County
(850) 888-6054
Eden Springs Nursing and Rehabilitation Center (formerly Wakulla Manor)
Crawfordville, Wakulla County
(850) 926-7181
Expert guidance, benefit eligibility rules, and state protections for older Florida residents and family caregivers.
Holiday Campground on Ochlockonee Bay & Panacea Coastal RV Network (Panacea RV Park, Shell Island St. Marks & Sopchoppy)
Panacea, Wakulla County
Wakulla Trace Apartments — USDA Section 515/521 & FHFC 9% LIHTC Senior (62+) & Disabled Community
Crawfordville, Wakulla County
Wakulla County SHIP Housing Program & North Central Florida Regional Housing Authority (HUD PHA FL049 Section 8 HCV)
Crawfordville, Wakulla County
Greyes Place (FHFC HOME Affordable Community — with Bridlewood Apartments Crawfordville)
Crawfordville, Wakulla 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.