3332 Meridian St N, Huntsville, AL 35811
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 Bath | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Olympia Gardens is a quiet apartment community conveniently located in east-central Huntsville along Meridian Street North, just south of the Alabama A&M University Campus. Tucked up against the Chapman Mountain Preserve, the wooded grounds provide a lovely setting with amenities that include a community clubhouse, laundry facilities, swimming pool, playground and gazebo for get-togethers with family and friends.
The spacious units are available in one of five floorplans — two for the 2-bedroom apartments, two for the 2-bedroom apartments, and one 3-bedroom floor plan. Each of the apartments comes equipped with central heat and air conditioning, range, dishwasher, disposal, and refrigerator with ice maker. Rental rates include water, sewer, and trash removal.
Because Olympia Gardens participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | Call for Price† |
| Two Bedroom (2/1) | - | Call for Price† |
| Three Bedroom (3/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $34,350 / year | $39,250 / year | $44,150 / year | $49,050 / year | $53,000 / year | $56,900 / year |
| 50% AMI for PBRA Units | $34,350 / year | $39,250 / year | $44,150 / year | $49,050 / year | $53,000 / year | $56,900 / year |
| 60% AMI for LIHTC Units | $41,220 / year | $47,100 / year | $52,980 / year | $58,860 / year | $63,600 / year | $68,280 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Olympia Gardens have a waiting list?
Olympia Gardens probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Olympia Gardens?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Olympia Gardens?
Olympia Gardens is managed by Olympia Management INC headquartered in Albertville, AL.
In addition to Olympia Gardens, how many other affordable housing properties (and units) are there in Huntsville?
In addition to Olympia Gardens, we list 52 other affordable properties in Huntsville. Learn about these properties here. Our data research shows that there are a total of 3796 affordable units in Huntsville.
When was the Olympia Gardens listing last updated?
Olympia Gardens listing on Affordable Housing Online was last updated on 03/06/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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