About This Property
The Springs Apts provides 24 units of affordable housing in Millbrook, AL, with 20 units designated for low-income households. The property features a mix of 12 one-bedroom and 12 two-bedroom units and serves elderly and disabled residents. Placed in service in 2001, the community receives funding through HOME and 9% LIHTC credits.
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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Millbrook, 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 The Springs Apts is typically 30% of household income or less.
What size apartments are available at The Springs Apts?+
The Springs Apts offers the following unit types: 12 One-Bedroom, 12 Two-Bedroom units, for a total of 24 units.
Who is eligible to live at The Springs Apts?+
The Springs Apts primarily serves elderly residents, persons with disabilities, MENTAL ILLNESS. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at The Springs Apts?+
The Springs 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 Millbrook, AL?+
Based on Fair Market Rent for Elmore County, the estimated price range is: 1-bedroom: $913, 2-bedroom: $1092. Actual rent at The Springs Apts may be lower for income-eligible households.
Who manages The Springs Apts?+
The Springs Apts is managed by . You can reach them at . Visit their website for more information.
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
Somewhat Walkable
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