About This Property
Cornerstone Apts offers 56 low-income units in Alexander City, Alabama, serving families and elderly residents. The property includes a mix of floor plans with eight 1-bedroom, thirty-two 2-bedroom, and sixteen 3-bedroom units. Placed in service in 1996, the community is funded through HOME and 9% LIHTC credit programs.
Waitlist Information
Waitlist managed by Housing Authority of the City of Alexander City
Pre-applications are accepted for 3, 4, and 5 bedroom apartments for families and senior/disabled households; persons with disabilities may potentially rank higher, and declining two invitations can result in waitlist removal. Applicants cannot deselect any property.
Eligibility is for very low-income families, elderly, handicapped, or disabled persons and families displaced by public housing demolition, who are U.S. citizens or have eligible immigration status. Criminal background is checked, but is not automatically disqualifying, and there should be no history of violent criminal activity; persons with disabilities rank higher on the admission list.
Waitlist data provided by section8waitlist.org
Updated October 1, 2026
Property Details
Fair Market Rent - Tallapoosa 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 | $687 |
| 1 Bedroom | $698 |
| 2 Bedroom | $917 |
| 3 Bedroom | $1,171 |
| 4 Bedroom | $1,227 |
Income Limits - Tallapoosa County, AL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,150
- Low (80%)
- $32,200
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,000
- Low (80%)
- $36,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $25,900
- Low (80%)
- $41,400
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $28,750
- Low (80%)
- $46,000
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $31,050
- Low (80%)
- $49,700
- Extremely Low (30%)
- $33,350
- Very Low (50%)
- $33,350
- Low (80%)
- $53,400
- Extremely Low (30%)
- $35,650
- Very Low (50%)
- $35,650
- Low (80%)
- $57,050
- Extremely Low (30%)
- $37,950
- Very Low (50%)
- $37,950
- Low (80%)
- $60,750
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,150 | $32,200 |
| 2 Persons | $17,420 | $23,000 | $36,800 |
| 3 Persons | $21,960 | $25,900 | $41,400 |
| 4 Persons | $26,500 | $28,750 | $46,000 |
| 5 Persons | $31,040 | $31,050 | $49,700 |
| 6 Persons | $33,350 | $33,350 | $53,400 |
| 7 Persons | $35,650 | $35,650 | $57,050 |
| 8 Persons | $37,950 | $37,950 | $60,750 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Alexander City, AL?+
The Fair Market Rent (FMR) for Tallapoosa County, AL is: $687 (Studio), $698 (1BR), $917 (2BR), $1171 (3BR), $1227 (4BR). Actual rent at subsidized properties like Cornerstone Apts is typically 30% of household income or less.
What size apartments are available at Cornerstone Apts?+
Cornerstone Apts offers the following unit types: 8 One-Bedroom, 32 Two-Bedroom, 16 Three-Bedroom units, for a total of 56 units.
Who is eligible to live at Cornerstone Apts?+
Cornerstone Apts primarily serves families, elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Tallapoosa County, AL?+
For a 4-person household in Tallapoosa County, AL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $28,750, Low Income (80% AMI): $46,000. These limits are set by HUD and updated annually.
Is there a waitlist for Cornerstone 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.
How do I apply for housing at Cornerstone Apts?+
Cornerstone Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 manages Cornerstone Apts?+
Cornerstone Apts is managed by . You can reach them at .
What is the price range for apartments in Alexander City, AL?+
Based on Fair Market Rent for Tallapoosa County, the estimated price range is: 1-bedroom: $698, 2-bedroom: $917, 3-bedroom: $1171. Actual rent at Cornerstone Apts may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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