About This Property
Gregory Lane Apts Phase I contains 72 low-income residential units in Acworth, Georgia, within Cherokee County. The property, placed in service in 1995, offers a unit mix of 56 two-bedroom and 16 three-bedroom apartments. Management and contact information is available upon request.
Property Details
Fair Market Rent - Cherokee County, GA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,599 |
| 1 Bedroom | $1,643 |
| 2 Bedroom | $1,844 |
| 3 Bedroom | $2,230 |
| 4 Bedroom | $2,707 |
Income Limits - Cherokee County, GA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,100
- Very Low (50%)
- $30,200
- Low (80%)
- $48,300
- Extremely Low (30%)
- $20,700
- Very Low (50%)
- $34,500
- Low (80%)
- $55,200
- Extremely Low (30%)
- $23,300
- Very Low (50%)
- $38,800
- Low (80%)
- $62,100
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $43,100
- Low (80%)
- $68,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $46,550
- Low (80%)
- $74,500
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $50,000
- Low (80%)
- $80,000
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $53,450
- Low (80%)
- $85,500
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $56,900
- Low (80%)
- $91,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,100 | $30,200 | $48,300 |
| 2 Persons | $20,700 | $34,500 | $55,200 |
| 3 Persons | $23,300 | $38,800 | $62,100 |
| 4 Persons | $26,500 | $43,100 | $68,950 |
| 5 Persons | $31,040 | $46,550 | $74,500 |
| 6 Persons | $35,580 | $50,000 | $80,000 |
| 7 Persons | $40,120 | $53,450 | $85,500 |
| 8 Persons | $44,660 | $56,900 | $91,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Acworth, GA?+
The Fair Market Rent (FMR) for Cherokee County, GA is: $1599 (Studio), $1643 (1BR), $1844 (2BR), $2230 (3BR), $2707 (4BR). Actual rent at subsidized properties like Gregory Lane Apts Phase I is typically 30% of household income or less.
What size apartments are available at Gregory Lane Apts Phase I?+
Gregory Lane Apts Phase I offers the following unit types: 56 Two-Bedroom, 16 Three-Bedroom units, for a total of 72 units.
How do I apply for housing at Gregory Lane Apts Phase I?+
Gregory Lane Apts Phase I 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 are the income limits for affordable housing in Cherokee County, GA?+
For a 4-person household in Cherokee County, GA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $43,100, Low Income (80% AMI): $68,950. These limits are set by HUD and updated annually.
Who manages Gregory Lane Apts Phase I?+
Gregory Lane Apts Phase I is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Acworth, GA?+
Based on Fair Market Rent for Cherokee County, the estimated price range is: 2-bedroom: $1844, 3-bedroom: $2230. Actual rent at Gregory Lane Apts Phase I may be lower for income-eligible households.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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