About This Property
Brookside Apts comprises 15 low-income units in Wadley, AL and serves elderly residents. The property, placed in service in 1991, contains five one-bedroom and ten two-bedroom units and utilizes 9% LIHTC credits. This Randolph County property is managed for affordable housing purposes.
Property Details
Fair Market Rent - Randolph 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 | $1,208 |
| 4 Bedroom | $1,283 |
Income Limits - Randolph 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 Wadley, AL?+
The Fair Market Rent (FMR) for Randolph County, AL is: $642 (Studio), $763 (1BR), $857 (2BR), $1208 (3BR), $1283 (4BR). Actual rent at subsidized properties like Brookside Apts is typically 30% of household income or less.
What size apartments are available at Brookside Apts?+
Brookside Apts offers the following unit types: 5 One-Bedroom, 10 Two-Bedroom units, for a total of 15 units.
Who manages Brookside Apts?+
Brookside Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Brookside Apts?+
Brookside 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.
What is the price range for apartments in Wadley, AL?+
Based on Fair Market Rent for Randolph County, the estimated price range is: 1-bedroom: $763, 2-bedroom: $857. Actual rent at Brookside Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Randolph County, AL?+
For a 4-person household in Randolph 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.
Who is eligible to live at Brookside Apts?+
Brookside Apts primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
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Nearby Schools
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