About This Property
Lakewood Village offers 19 low-income rental units in Cedar Bluff, Alabama, serving elderly residents. The community includes six one-bedroom units and thirteen two-bedroom units, with the property placed in service in 1993 and financed through 9% Low-Income Housing Tax Credits. Interested parties may contact the property management for additional information regarding availability and lease terms.
Property Details
Fair Market Rent - Cherokee 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 | $664 |
| 1 Bedroom | $726 |
| 2 Bedroom | $887 |
| 3 Bedroom | $1,072 |
| 4 Bedroom | $1,327 |
Income Limits - Cherokee 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 Cedar Bluff, AL?+
The Fair Market Rent (FMR) for Cherokee County, AL is: $664 (Studio), $726 (1BR), $887 (2BR), $1072 (3BR), $1327 (4BR). Actual rent at subsidized properties like Lakewood Village is typically 30% of household income or less.
What size apartments are available at Lakewood Village?+
Lakewood Village offers the following unit types: 6 One-Bedroom, 13 Two-Bedroom units, for a total of 19 units.
Who manages Lakewood Village?+
Lakewood Village is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Lakewood Village?+
Lakewood 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 is the price range for apartments in Cedar Bluff, AL?+
Based on Fair Market Rent for Cherokee County, the estimated price range is: 1-bedroom: $726, 2-bedroom: $887. Actual rent at Lakewood Village may be lower for income-eligible households.
What are the income limits for affordable housing in Cherokee County, AL?+
For a 4-person household in Cherokee 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.
Who is eligible to live at Lakewood Village?+
Lakewood Village primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Almost All Errands Require a Car
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