125 Appaloosa Run Dr, Andalusia, AL 36421
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey, Lorena Bentley, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 3 Beds | 1 - 2 Baths | 1,030 - 1,214 Sq Ft |
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.
Appaloosa Run is brand new, a 56-unit multi-family apartment complex in Andalusia, Alabama. offering 2- and 3-bedroom floorplans. The complex is situated on approximately six and a half acres located on Shreve Road near the intersection of Hwy 84 in Andalusia.
Appaloosa Run has a spacious Community Building with a computer center and activity center available at no charge to residents. In addition, the community has a number of other amenities Tenants can enjoy outdoor areas such as a covered picnic pavilion, BBQ facilities, a laundry facility, mail center, playground and outdoor fitness activity.
Because Appaloosa Run Apartments 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 |
|---|---|---|
| Two Bedroom (2/1) | 1030ft2 | Call for Price† |
| Three Bedroom (3/2) | 1214ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $23,450 / year | $26,800 / year | $30,150 / year | $33,450 / year | $36,150 / year | $38,850 / year |
| 50% AMI for PBRA Units | $23,450 / year | $26,800 / year | $30,150 / year | $33,450 / year | $36,150 / year | $38,850 / year |
| 60% AMI for LIHTC Units | $28,140 / year | $32,160 / year | $36,180 / year | $40,140 / year | $43,380 / year | $46,620 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Appaloosa Run Apartments have a waiting list?
Appaloosa Run Apartments 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 Appaloosa Run Apartments?
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 Appaloosa Run Apartments?
Appaloosa Run Apartments is managed by Olympia Management INC headquartered in Albertville, AL.
In addition to Appaloosa Run Apartments, how many other affordable housing properties (and units) are there in Andalusia?
In addition to Appaloosa Run Apartments, we list 11 other affordable properties in Andalusia. Learn about these properties here. Our data research shows that there are a total of 624 affordable units in Andalusia.
When was the Appaloosa Run Apartments listing last updated?
Appaloosa Run Apartments listing on Affordable Housing Online was last updated on 03/04/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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