About This Property
Valley Cove Apts is a 40-unit affordable housing community in Fayette, AL that has served low-income families and disabled residents since 2006. The property includes 16 one-bedroom, 16 two-bedroom, and 8 three-bedroom units and receives funding through the HOME program and 9% LIHTC credits. The community is available for households meeting low-income eligibility requirements.
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 Valley Cove Apts is typically 30% of household income or less.
What size apartments are available at Valley Cove Apts?+
Valley Cove Apts offers the following unit types: 16 One-Bedroom, 16 Two-Bedroom, 8 Three-Bedroom units, for a total of 40 units.
Who is eligible to live at Valley Cove Apts?+
Valley Cove 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 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.
Is there a waitlist for Valley Cove 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.
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 Valley Cove Apts may be lower for income-eligible households.
How do I apply for housing at Valley Cove Apts?+
Valley Cove 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.
Who manages Valley Cove Apts?+
Valley Cove Apts is managed by . You can reach them at . Visit their website for more information.