About This Property
Chancery Square offers 56 low-income rental units in Eight Mile, AL, serving families and disabled residents. The property includes 16 one-bedroom, 24 two-bedroom, and 16 three-bedroom apartments and has been in operation since 1999. Funding for the development comes from HOME program resources and 9% LIHTC credits.
Property Details
Fair Market Rent - Mobile 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 | $810 |
| 1 Bedroom | $890 |
| 2 Bedroom | $1,094 |
| 3 Bedroom | $1,448 |
| 4 Bedroom | $1,484 |
Income Limits - Mobile County, AL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,450
- Low (80%)
- $32,700
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,400
- Low (80%)
- $37,400
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,300
- Low (80%)
- $42,050
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,200
- Low (80%)
- $46,700
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $31,550
- Low (80%)
- $50,450
- Extremely Low (30%)
- $33,900
- Very Low (50%)
- $33,900
- Low (80%)
- $54,200
- Extremely Low (30%)
- $36,250
- Very Low (50%)
- $36,250
- Low (80%)
- $57,950
- Extremely Low (30%)
- $38,550
- Very Low (50%)
- $38,550
- Low (80%)
- $61,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,450 | $32,700 |
| 2 Persons | $17,420 | $23,400 | $37,400 |
| 3 Persons | $21,960 | $26,300 | $42,050 |
| 4 Persons | $26,500 | $29,200 | $46,700 |
| 5 Persons | $31,040 | $31,550 | $50,450 |
| 6 Persons | $33,900 | $33,900 | $54,200 |
| 7 Persons | $36,250 | $36,250 | $57,950 |
| 8 Persons | $38,550 | $38,550 | $61,650 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Eight Mile, AL?+
The Fair Market Rent (FMR) for Mobile County, AL is: $810 (Studio), $890 (1BR), $1094 (2BR), $1448 (3BR), $1484 (4BR). Actual rent at subsidized properties like Chancery Square is typically 30% of household income or less.
What size apartments are available at Chancery Square?+
Chancery Square offers the following unit types: 16 One-Bedroom, 24 Two-Bedroom, 16 Three-Bedroom units, for a total of 56 units.
What is the price range for apartments in Eight Mile, AL?+
Based on Fair Market Rent for Mobile County, the estimated price range is: 1-bedroom: $890, 2-bedroom: $1094, 3-bedroom: $1448. Actual rent at Chancery Square may be lower for income-eligible households.
Who manages Chancery Square?+
Chancery Square is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Mobile County, AL?+
For a 4-person household in Mobile County, AL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,200, Low Income (80% AMI): $46,700. These limits are set by HUD and updated annually.
Who is eligible to live at Chancery Square?+
Chancery Square primarily serves families, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Chancery Square?+
Chancery Square 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
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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