About This Property
Rosewood offers 15 low-income units in Eclectic, AL, comprising five 1-bedroom and ten 2-bedroom apartments that serve families. The property has been in service since 1991 and receives 9% Low-Income Housing Tax Credit funding. Management and leasing inquiries can be directed to the property contact.
Property Details
Fair Market Rent - Elmore 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 | $836 |
| 1 Bedroom | $913 |
| 2 Bedroom | $1,092 |
| 3 Bedroom | $1,383 |
| 4 Bedroom | $1,753 |
Income Limits - Elmore County, AL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,250
- Very Low (50%)
- $23,700
- Low (80%)
- $37,900
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,050
- Low (80%)
- $43,300
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,450
- Low (80%)
- $48,700
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,800
- Low (80%)
- $54,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,550
- Low (80%)
- $58,450
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,250
- Low (80%)
- $62,800
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,950
- Low (80%)
- $67,100
- Extremely Low (30%)
- $44,650
- Very Low (50%)
- $44,650
- Low (80%)
- $71,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,250 | $23,700 | $37,900 |
| 2 Persons | $17,420 | $27,050 | $43,300 |
| 3 Persons | $21,960 | $30,450 | $48,700 |
| 4 Persons | $26,500 | $33,800 | $54,100 |
| 5 Persons | $31,040 | $36,550 | $58,450 |
| 6 Persons | $35,580 | $39,250 | $62,800 |
| 7 Persons | $40,120 | $41,950 | $67,100 |
| 8 Persons | $44,650 | $44,650 | $71,450 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Eclectic, AL?+
The Fair Market Rent (FMR) for Elmore County, AL is: $836 (Studio), $913 (1BR), $1092 (2BR), $1383 (3BR), $1753 (4BR). Actual rent at subsidized properties like Rosewood is typically 30% of household income or less.
What size apartments are available at Rosewood?+
Rosewood offers the following unit types: 5 One-Bedroom, 10 Two-Bedroom units, for a total of 15 units.
Who manages Rosewood?+
Rosewood is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Rosewood?+
Rosewood 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.
Who is eligible to live at Rosewood?+
Rosewood primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Eclectic, AL?+
Based on Fair Market Rent for Elmore County, the estimated price range is: 1-bedroom: $913, 2-bedroom: $1092. Actual rent at Rosewood may be lower for income-eligible households.
What are the income limits for affordable housing in Elmore County, AL?+
For a 4-person household in Elmore County, AL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,800, Low Income (80% AMI): $54,100. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
