About This Property
Spring Run Apts provides 50 low-income housing units in Fairhope, Alabama, with a mix of one-, two-, and three-bedroom apartments serving families. The property has been in service since 1994 and is financed through 4% Low-Income Housing Tax Credits. The unit distribution includes 16 one-bedroom, 24 two-bedroom, and 10 three-bedroom apartments.
Property Details
Fair Market Rent - Baldwin County, AL
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,051 |
| 1 Bedroom | $1,056 |
| 2 Bedroom | $1,362 |
| 3 Bedroom | $1,670 |
| 4 Bedroom | $2,114 |
Income Limits - Baldwin County, AL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,200
- Very Low (50%)
- $26,950
- Low (80%)
- $43,150
- Extremely Low (30%)
- $18,500
- Very Low (50%)
- $30,800
- Low (80%)
- $49,300
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,650
- Low (80%)
- $55,450
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,500
- Low (80%)
- $61,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,600
- Low (80%)
- $66,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,700
- Low (80%)
- $71,500
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,750
- Low (80%)
- $76,400
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $50,850
- Low (80%)
- $81,350
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,200 | $26,950 | $43,150 |
| 2 Persons | $18,500 | $30,800 | $49,300 |
| 3 Persons | $21,960 | $34,650 | $55,450 |
| 4 Persons | $26,500 | $38,500 | $61,600 |
| 5 Persons | $31,040 | $41,600 | $66,550 |
| 6 Persons | $35,580 | $44,700 | $71,500 |
| 7 Persons | $40,120 | $47,750 | $76,400 |
| 8 Persons | $44,660 | $50,850 | $81,350 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Fairhope, AL?+
The Fair Market Rent (FMR) for Baldwin County, AL is: $1051 (Studio), $1056 (1BR), $1362 (2BR), $1670 (3BR), $2114 (4BR). Actual rent at subsidized properties like Spring Run Apts is typically 30% of household income or less.
What size apartments are available at Spring Run Apts?+
Spring Run Apts offers the following unit types: 16 One-Bedroom, 24 Two-Bedroom, 10 Three-Bedroom units, for a total of 50 units.
How do I apply for housing at Spring Run Apts?+
Spring Run Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What is the price range for apartments in Fairhope, AL?+
Based on Fair Market Rent for Baldwin County, the estimated price range is: 1-bedroom: $1056, 2-bedroom: $1362, 3-bedroom: $1670. Actual rent at Spring Run Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Baldwin County, AL?+
For a 4-person household in Baldwin County, AL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,500, Low Income (80% AMI): $61,600. These limits are set by HUD and updated annually.
Who manages Spring Run Apts?+
Spring Run Apts is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Spring Run Apts?+
Spring Run Apts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
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