Affordable Housing Resources


Islamorada, Village of Islands is offering $10,000 in down payment assistance to working-class families and individuals looking to purchase a home in Islamorada.

Residents of Monroe County and those employed in Monroe County meeting the current affordable housing income limits may qualify for the program. View or download the Affordable Housing Fact Sheet found in RELATED PAGES list on the left side of this page for details regarding household income limits, maximum sale price and related information.

Qualified individuals interested in purchasing an affordable home are encouraged to download the First-Time Homebuyer Down Payment Assistance Program Application for Preapproval Letter found in the in the RELATED PAGES  list on the left side of this page. The applicant must qualify for a home loan and will be required to provide at least 3.5% of the purchase price of the home at closing. After all necessary documents are submitted and the application is approved, the $10,000 assistance from the Village will be available at closing.

Every year the buyer lives in the home and does not default on the program, the balance of the loan is reduced, or “forgiven”, by 10% ($1,000) up to a maximum reduction of 90% ($9,000). When the homeowner who used the program decides to sell the home at any time after 10 years, only $1,000 will be required to be repaid to the Village. Prior to 10 years, the homeowner will owe the balance of what hasn’t been “forgiven” every year. For example, if the homeowner sells the home seven years after purchase, he or she would owe the Village $3,000.

The Village Council, Achievable Housing Citizens Advisory Committee (AHCAC), and the Islamorada Local Planning Agency worked on the details of the Down Payment Assistance Program for approximately two years. The program was approved by the state and made available for qualified applicants in August 2016. “The purpose of this program is to help people in Islamorada become homeowners,” AHCAC Chairman Keith Douglass said. “The Village wants to provide assistance so that our teachers, police officers, fire fighters, and other individuals can afford to live and stay here in Islamorada. They are essential to our community and critical for our quality of life.”

For more information about the Affordable Housing Down Payment Assistance Program, contact the Planning Department Administrative Assistant at 305-664-6498.

Wet Net Villas is a 36-unit development located on the Overseas Highway at Mile Marker 81. The project is designed to ser
ve as high-quality, affordable rental housing for the Village's workforce. The units are situated in 18 duplexes with carports for each unit. All units include 3 bedrooms, 2 bathrooms and spacious living areas.

A flyer is provided in the RELATED LINKS list on the left side of this page. Information about qualifications for the Wet Net Villas and application information to be placed on the waiting list to lease a unit can be obtained by calling 305-440-2917.  

Wet Net Villas
Phone: 305-440-2917
Address: 81101 Overseas Hwy, Islamorada, FL 33036


Habitat for Humanity of the Upper Keys constructed a 16-unit affordable housing project named Habitat at Windley Point. The property is located at 84762 Overseas Highway on Windley Key in Islamorada. The $1.5 million-dollar property was purchased with funds from Islamorada' Affordable Housing Fund and the Monroe County Land Authority and conveyed it to the Village for the affordable/workforce housing project.

Construction of the $3.5 million-dollar project took two years. The complex will offer eight rental units and eight units for home ownership. Each is an elevated 2-story home with two bedrooms and 2 ½ bathrooms and space to park two cars underneath. 

For more information about Windley Point and other Habitat for Humanity of the Upper Keys projects, visit, send an email to or call 305-453-0050.