About This Property
Cherokee Apts offers 24 low-income units in Akron, AL, comprising sixteen 2-bedroom and eight 3-bedroom apartments. The property has served families and disabled residents since 1997 with support from HOME funding and 9% LIHTC credits. Management and contact information are available upon request.
Property Details
Fair Market Rent - Hale 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 | $903 |
| 1 Bedroom | $909 |
| 2 Bedroom | $1,125 |
| 3 Bedroom | $1,415 |
| 4 Bedroom | $1,498 |
Income Limits - Hale County, AL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,900
- Very Low (50%)
- $24,850
- Low (80%)
- $39,700
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,400
- Low (80%)
- $45,400
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,950
- Low (80%)
- $51,050
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,450
- Low (80%)
- $56,700
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,300
- Low (80%)
- $61,250
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,150
- Low (80%)
- $65,800
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,000
- Low (80%)
- $70,350
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $46,800
- Low (80%)
- $74,850
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,900 | $24,850 | $39,700 |
| 2 Persons | $17,420 | $28,400 | $45,400 |
| 3 Persons | $21,960 | $31,950 | $51,050 |
| 4 Persons | $26,500 | $35,450 | $56,700 |
| 5 Persons | $31,040 | $38,300 | $61,250 |
| 6 Persons | $35,580 | $41,150 | $65,800 |
| 7 Persons | $40,120 | $44,000 | $70,350 |
| 8 Persons | $44,660 | $46,800 | $74,850 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Akron, AL?+
The Fair Market Rent (FMR) for Hale County, AL is: $903 (Studio), $909 (1BR), $1125 (2BR), $1415 (3BR), $1498 (4BR). Actual rent at subsidized properties like Cherokee Apts is typically 30% of household income or less.
What size apartments are available at Cherokee Apts?+
Cherokee Apts offers the following unit types: 16 Two-Bedroom, 8 Three-Bedroom units, for a total of 24 units.
What are the income limits for affordable housing in Hale County, AL?+
For a 4-person household in Hale County, AL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,450, Low Income (80% AMI): $56,700. These limits are set by HUD and updated annually.
Who manages Cherokee Apts?+
Cherokee Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Cherokee Apts?+
Cherokee 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 is eligible to live at Cherokee Apts?+
Cherokee 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 Akron, AL?+
Based on Fair Market Rent for Hale County, the estimated price range is: 2-bedroom: $1125, 3-bedroom: $1415. Actual rent at Cherokee Apts may be lower for income-eligible households.
Contact Information
Walk Score
Almost All Errands Require a Car
