2300 5th Ave N, Birmingham, AL 35203
Waiting List Forecast: Likely Short or None
Verified for 2017 by Colleen Carter, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $811 - 1,039 per Month† | 1 - 2 Beds | 1 Bath | 560 - 670 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.
Welcome to Bankhead Towers, an apartment community for those 62 and better, handicapped, or disabled. Enjoy the comfort of quiet, community living here at Bankhead Towers!
Our spacious 1 and 2 bedroom apartment homes are thoughtfully designed with your comfort and convenience in mind. In addition to our great floor plans and maintenance free living, our community has the amenities you want and deserve. For your pleasure, our community features a learning lab, laundry room, exercise room, and an activity room. For your benefit, our community's service coordinator is readily available to assist you with your needs. Bankhead Towers is ideally situated to give you easy access to the best of what the area has to offer. We are located a short distance from the post office, the Harbert Plaza, banks, and a variety of restaurants. Here at Bankhead Towers, we understand that your pet is a special part of your family. We are pet friendly and look forward to making your furry friend a part of our community!
Call us today to make an appointment to see for yourself why Bankhead Towers should be your new home. We look forward to hearing from you!
This community is available to those 62 and better and/or disabled. Rents are based on income and calculated exclusively to 30% of the household's combined adjusted income. A waiting list may apply. Full financial disclosure is required. Maximum income guidelines apply.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Bankhead Towers does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 560ft2 | $811† |
| 2 Bedroom (2/1) | 670ft2 | $1,039† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 30% AMI for PBRA Units | $18,900 / year | $21,600 / year | $24,860 / year | $30,000 / year |
| 50% AMI for LIHTC Units | $31,450 / year | $35,950 / year | $40,450 / year | $44,900 / year |
| 50% AMI for PBRA Units | $31,450 / year | $35,950 / year | $40,450 / year | $44,900 / year |
| 60% AMI for LIHTC Units | $37,740 / year | $43,140 / year | $48,540 / year | $53,880 / year |
| 80% AMI for PBRA Units | $50,300 / year | $57,500 / year | $64,700 / year | $71,850 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Bankhead Towers have a waiting list?
Bankhead Towers 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 Bankhead Towers?
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 Bankhead Towers?
Bankhead Towers is managed by Millennia Housing Management headquartered in Cleveland, Ohio.
In addition to Bankhead Towers, how many other affordable housing properties (and units) are there in Birmingham?
In addition to Bankhead Towers, we list 111 other affordable properties in Birmingham. Learn about these properties here. Our data research shows that there are a total of 10326 affordable units in Birmingham.
2040 Highland Ave S, Birmingham, Alabama 35205
If you're a homeless veteran, contact your VA Medical Center.
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