About This Property
Village Green Apts contains 57 low-income units in Red Bay, Alabama, with a mix of one-, two-, and three-bedroom floor plans serving families, elderly residents, and individuals with disabilities. The property has been in service since 1995 and receives 4% Low-Income Housing Tax Credit funding. The development includes 31 one-bedroom units, 18 two-bedroom units, and 8 three-bedroom units.
Waitlist Information
Waitlist managed by Housing Authority of Red Bay
The waiting list is very short for this program which offers 163 units from studios to 5 bedrooms for families and senior/disabled households; applicants are placed on the waiting list by the date and time the pre-application is received, with no stated preferences.
No current information found
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Franklin 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 | $1,042 |
| 4 Bedroom | $1,321 |
Income Limits - Franklin 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 Red Bay, AL?+
The Fair Market Rent (FMR) for Franklin County, AL is: $642 (Studio), $763 (1BR), $857 (2BR), $1042 (3BR), $1321 (4BR). Actual rent at subsidized properties like Village Green Apts is typically 30% of household income or less.
What size apartments are available at Village Green Apts?+
Village Green Apts offers the following unit types: 31 One-Bedroom, 18 Two-Bedroom, 8 Three-Bedroom units, for a total of 57 units.
What is the price range for apartments in Red Bay, AL?+
Based on Fair Market Rent for Franklin County, the estimated price range is: 1-bedroom: $763, 2-bedroom: $857, 3-bedroom: $1042. Actual rent at Village Green Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Franklin County, AL?+
For a 4-person household in Franklin 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 Village Green Apts?+
Village Green 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 Village Green 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 manages Village Green Apts?+
Village Green Apts is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Village Green Apts?+
Village Green Apts primarily serves families, elderly residents, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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