About This Property
Ivy Village comprises 19 low-income units in McKenzie, AL, with a unit mix of six 1-bedroom and thirteen 2-bedroom apartments. The property was placed in service in 1993 and receives 9% LIHTC credit funding. This elderly housing community is managed and available for qualified residents.
Property Details
Fair Market Rent - Butler 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 | $665 |
| 1 Bedroom | $760 |
| 2 Bedroom | $888 |
| 3 Bedroom | $1,074 |
| 4 Bedroom | $1,186 |
Income Limits - Butler County, AL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,300
- Low (80%)
- $30,900
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,050
- Low (80%)
- $35,300
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,800
- Low (80%)
- $39,700
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,550
- Low (80%)
- $44,100
- Extremely Low (30%)
- $29,800
- Very Low (50%)
- $29,800
- Low (80%)
- $47,650
- Extremely Low (30%)
- $32,000
- Very Low (50%)
- $32,000
- Low (80%)
- $51,200
- Extremely Low (30%)
- $34,200
- Very Low (50%)
- $34,200
- Low (80%)
- $54,700
- Extremely Low (30%)
- $36,400
- Very Low (50%)
- $36,400
- Low (80%)
- $58,250
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,300 | $30,900 |
| 2 Persons | $17,420 | $22,050 | $35,300 |
| 3 Persons | $21,960 | $24,800 | $39,700 |
| 4 Persons | $26,500 | $27,550 | $44,100 |
| 5 Persons | $29,800 | $29,800 | $47,650 |
| 6 Persons | $32,000 | $32,000 | $51,200 |
| 7 Persons | $34,200 | $34,200 | $54,700 |
| 8 Persons | $36,400 | $36,400 | $58,250 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Mc Kenzie, AL?+
The Fair Market Rent (FMR) for Butler County, AL is: $665 (Studio), $760 (1BR), $888 (2BR), $1074 (3BR), $1186 (4BR). Actual rent at subsidized properties like Ivy Village is typically 30% of household income or less.
What size apartments are available at Ivy Village?+
Ivy Village offers the following unit types: 6 One-Bedroom, 13 Two-Bedroom units, for a total of 19 units.
How do I apply for housing at Ivy Village?+
Ivy Village 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 are the income limits for affordable housing in Butler County, AL?+
For a 4-person household in Butler County, AL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,550, Low Income (80% AMI): $44,100. These limits are set by HUD and updated annually.
What is the price range for apartments in Mc Kenzie, AL?+
Based on Fair Market Rent for Butler County, the estimated price range is: 1-bedroom: $760, 2-bedroom: $888. Actual rent at Ivy Village may be lower for income-eligible households.
Who is eligible to live at Ivy Village?+
Ivy Village primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Ivy Village?+
Ivy Village is managed by . You can reach them at . Visit their website for more information.
Contact Information
Location
Butler County, AL
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