About This Property
Terrace Park Apts consists of 50 low-income units in Fayette, AL, serving families and disabled residents. The property includes 20 one-bedroom, 14 two-bedroom, and 16 three-bedroom units and has been in service since 1993.
Waitlist Information
Waitlist managed by Housing Authority of the City of Fayette
Eligibility requires meeting income limits, federal rules, and considerations for age, disability, or US citizenship/eligible immigration. No specific preferences are confirmed.
No current information found regarding the open/closed status of the Housing Choice Voucher (Section 8) waiting list.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Fayette 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 | $642 |
| 1 Bedroom | $763 |
| 2 Bedroom | $857 |
| 3 Bedroom | $1,147 |
| 4 Bedroom | $1,283 |
Income Limits - Fayette 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 Fayette, AL?+
The Fair Market Rent (FMR) for Fayette County, AL is: $642 (Studio), $763 (1BR), $857 (2BR), $1147 (3BR), $1283 (4BR). Actual rent at subsidized properties like Terrace Park Apts is typically 30% of household income or less.
What size apartments are available at Terrace Park Apts?+
Terrace Park Apts offers the following unit types: 20 One-Bedroom, 14 Two-Bedroom, 16 Three-Bedroom units, for a total of 50 units.
Who manages Terrace Park Apts?+
Terrace Park Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Fayette County, AL?+
For a 4-person household in Fayette 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.
How do I apply for housing at Terrace Park Apts?+
Terrace Park 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.
Is there a waitlist for Terrace Park Apts?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who is eligible to live at Terrace Park Apts?+
Terrace Park Apts primarily serves families, persons with disabilities. 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 Fayette, AL?+
Based on Fair Market Rent for Fayette County, the estimated price range is: 1-bedroom: $763, 2-bedroom: $857, 3-bedroom: $1147. Actual rent at Terrace Park Apts may be lower for income-eligible households.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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