About This Property
Hermitage Apts comprises 16 low-income units in Lexington, AL, with a unit mix of fourteen 1-bedroom and two 2-bedroom apartments. The property has been in service since 1994 and is financed through 9% Low-Income Housing Tax Credits. The community serves families in Lauderdale County.
Property Details
Fair Market Rent - Lauderdale 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 | $664 |
| 1 Bedroom | $720 |
| 2 Bedroom | $940 |
| 3 Bedroom | $1,157 |
| 4 Bedroom | $1,425 |
Income Limits - Lauderdale County, AL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,550
- Very Low (50%)
- $22,600
- Low (80%)
- $36,150
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $25,800
- Low (80%)
- $41,300
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $29,050
- Low (80%)
- $46,450
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $32,250
- Low (80%)
- $51,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $34,850
- Low (80%)
- $55,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $37,450
- Low (80%)
- $59,900
- Extremely Low (30%)
- $40,000
- Very Low (50%)
- $40,000
- Low (80%)
- $64,000
- Extremely Low (30%)
- $42,600
- Very Low (50%)
- $42,600
- Low (80%)
- $68,150
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,550 | $22,600 | $36,150 |
| 2 Persons | $17,420 | $25,800 | $41,300 |
| 3 Persons | $21,960 | $29,050 | $46,450 |
| 4 Persons | $26,500 | $32,250 | $51,600 |
| 5 Persons | $31,040 | $34,850 | $55,750 |
| 6 Persons | $35,580 | $37,450 | $59,900 |
| 7 Persons | $40,000 | $40,000 | $64,000 |
| 8 Persons | $42,600 | $42,600 | $68,150 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lexington, AL?+
The Fair Market Rent (FMR) for Lauderdale County, AL is: $664 (Studio), $720 (1BR), $940 (2BR), $1157 (3BR), $1425 (4BR). Actual rent at subsidized properties like Hermitage Apts is typically 30% of household income or less.
What size apartments are available at Hermitage Apts?+
Hermitage Apts offers the following unit types: 14 One-Bedroom, 2 Two-Bedroom units, for a total of 16 units.
What are the income limits for affordable housing in Lauderdale County, AL?+
For a 4-person household in Lauderdale County, AL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $32,250, Low Income (80% AMI): $51,600. These limits are set by HUD and updated annually.
Who is eligible to live at Hermitage Apts?+
Hermitage Apts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Hermitage Apts?+
Hermitage Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Lexington, AL?+
Based on Fair Market Rent for Lauderdale County, the estimated price range is: 1-bedroom: $720, 2-bedroom: $940. Actual rent at Hermitage Apts may be lower for income-eligible households.
How do I apply for housing at Hermitage Apts?+
Hermitage 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.
Contact Information
Walk Score
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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