Affordable Housing In Bay Minette
Baldwin County, Alabama

5 Low Income Apartment Communities In Bay Minette

Bay Minette Rotary Village

2211 McMillan Ave
Bay Minette, AL
Elderly Supportive Housing

Bartlett Place

2112 McMillan Ave
Bay Minette, AL
Disabled Supportive Housing

Village Oaks

300 W Railroad St
Bay Minette, AL

405 Anderson Blvd

405 Anderson Blvd
Bay Minette, AL

Cottage Park Apartments

47247 Rabun Rd
Bay Minette, AL
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Housing Authorities that serve Bay Minette

Housing Authority Programs
Bay Minette Housing Authority Public Housing

Guide To Affordable Housing in Bay Minette, Alabama

According to federal housing data and research, there are 5 low income housing apartment communities offering 302 affordable apartments for rent in Bay Minette, Alabama. Bay Minette features 212 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 90 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Bay Minette.

Bay Minette, AL Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 302
Total Housing Units with Rental Assistance 212
Percentage of Housing Units Occupied By Renters 44.47%
Average Renter Household Size 2.28
Average Household Size 2.58
Median Household Income $31,576 ±$5,140
Median Rent $590 ±$48
Percentage Of Renters Overburdened 42.42% ± 11.6pp
Total Population 8,843

Population and Household Demographics

Bay Minette is a City in Baldwin County, Alabama with a population of 8,843. There are 3,011 households in the city with an average household size of 2.58 persons. 44.47% of households in Bay Minette are renters.

Income and Rent Overburden in Bay Minette

The median gross income for households in Bay Minette is $31,576 a year, or $2,631 a month. The median rent for the city is $590 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Bay Minette, a household making less than $1,967 a month would be considered overburdened when renting an apartment at or above the median rent. 42.42% of households who rent are overburdened in Bay Minette.1

Area Median Income In Bay Minette

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Bay Minette, the AMI is calculated from all households within Baldwin County.

In Bay Minette, HUD calculates the Area Median Income for a family of four as $80,500

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Bay Minette

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Bay Minette HUD Rental Assistance in Bay Minette

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,850 $18,100 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,400 $30,150 $33,900 $37,650 $40,700 $43,700 $46,700 $49,700
80% of Median $42,200 $48,200 $54,250 $60,250 $65,100 $69,900 $74,750 $79,550
Low Income Housing Tax Credits in Bay Minette

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 2007 to 2007, 1 low income apartment communities containing 90 rental apartments have been constructed and made affordable to low income persons in Bay Minette by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Bay Minette

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $26,400 $30,150 $33,900 $37,650 $40,700 $43,700 $46,700 $49,700
60% of Median $31,680 $36,180 $40,680 $45,180 $48,840 $52,440 $56,040 $59,640

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Bay Minette is $40,680 a year, or $3,390 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,390 by 30% to get a maximum rent of $1,017 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $660 $707 $848 $979 $1,093 $1,205
60% $792 $848 $1,017 $1,175 $1,311 $1,446
Fair Market Rents in Bay Minette

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$744 $749 $916 $1,251 $1,566