About This Property
Peaks of Cornelia offers 80 units in Cornelia, Georgia, with 68 units designated for low-income families. The property includes a mix of floor plans: 12 one-bedroom, 40 two-bedroom, and 28 three-bedroom units. The development is financed through 9% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Habersham 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 | $634 |
| 1 Bedroom | $787 |
| 2 Bedroom | $936 |
| 3 Bedroom | $1,305 |
| 4 Bedroom | $1,310 |
Income Limits - Habersham County, GA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $21,350
- Low (80%)
- $34,100
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,400
- Low (80%)
- $39,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,450
- Low (80%)
- $43,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $30,450
- Low (80%)
- $48,700
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,900
- Low (80%)
- $52,600
- Extremely Low (30%)
- $35,350
- Very Low (50%)
- $35,350
- Low (80%)
- $56,500
- Extremely Low (30%)
- $37,800
- Very Low (50%)
- $37,800
- Low (80%)
- $60,400
- Extremely Low (30%)
- $40,200
- Very Low (50%)
- $40,200
- Low (80%)
- $64,300
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $21,350 | $34,100 |
| 2 Persons | $17,420 | $24,400 | $39,000 |
| 3 Persons | $21,960 | $27,450 | $43,850 |
| 4 Persons | $26,500 | $30,450 | $48,700 |
| 5 Persons | $31,040 | $32,900 | $52,600 |
| 6 Persons | $35,350 | $35,350 | $56,500 |
| 7 Persons | $37,800 | $37,800 | $60,400 |
| 8 Persons | $40,200 | $40,200 | $64,300 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Cornelia, GA?+
The Fair Market Rent (FMR) for Habersham County, GA is: $634 (Studio), $787 (1BR), $936 (2BR), $1305 (3BR), $1310 (4BR). Actual rent at subsidized properties like Peaks of Cornelia is typically 30% of household income or less.
What size apartments are available at Peaks of Cornelia?+
Peaks of Cornelia offers the following unit types: 12 One-Bedroom, 40 Two-Bedroom, 28 Three-Bedroom units, for a total of 80 units.
Who is eligible to live at Peaks of Cornelia?+
Peaks of Cornelia primarily serves families. 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 Peaks of Cornelia?+
Peaks of Cornelia 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 Cornelia, GA?+
Based on Fair Market Rent for Habersham County, the estimated price range is: 1-bedroom: $787, 2-bedroom: $936, 3-bedroom: $1305. Actual rent at Peaks of Cornelia may be lower for income-eligible households.
What are the income limits for affordable housing in Habersham County, GA?+
For a 4-person household in Habersham County, GA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $30,450, Low Income (80% AMI): $48,700. These limits are set by HUD and updated annually.
Who manages Peaks of Cornelia?+
Peaks of Cornelia is managed by . You can reach them at . Visit their website for more information.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.