Megan Manor

225 Bay Ave, Chatom, AL 36518

Waiting List Forecast: Likely Short or None

check_circleVerified for 2024 by Connor Bailey
Rent Beds Baths SqFt
Call for Rents 2 - 3 Beds 1 Bath -
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Family and Senior
check_circle  Affordable

Waitlist Forecast

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.

Located in Chatom, Alabama, Megan Manor is a beautiful complex situated in a quiet neighborhood convenient to shopping, dining, schools, and health services. An income-restricted property in a quiet, rural area, Megan Manor provides comfortable affordable housing to qualified individuals and families who enjoy a combination of small-town living and Southern hospitality.

Situated just off Martin Luther King, Jr. Avenue minutes from the center of town, Megan Manor Apartments sits on manicured grounds that include such amenities as an outdoor playground, gazebo, community clubhouse, and laundry facilities. Spacious 2-bedroom and 3-bedroom units are available, each equipped with central heat and air, washer/dryer hookups, cable connections, refrigerator, range, dishwasher, and disposal. The rent includes garbage pickup, as well.

Less than a mile away, residents can find convenient shopping and dining options along the main intersection of Central Ave and Jordan St. The Washington County Public Library, the County Courthouse, the Post Office, Washington County Hospital and Nursing Home, and the Chatom Community Center are also just a short drive from home.

Dave's Thoughts On Megan Manor

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 Megan Manor 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 20/50 election, this property has agreed to set aside at least 20% of its units for families and individuals earning 50% of Area Median Income (AMI). Many of these 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 very low incomes.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Megan Manor Amenities

  • Playground
  • Clubhouse
  • Near Hospital
  • Near Library
  • Gazebo
  • Dishwasher
  • Garbage Disposal
  • Washer and Dryer Hookup
  • Cable Ready
  • Refrigerator
  • Oven and Range
  • Trash Included
  • Landscaping
  • Central Heat & Air
  • Laundry Facilities

Units at Megan Manor

Unit (Bd/Ba) Ft2 Rent
Two Bedroom (2/1) - Call for Price
Three Bedroom (3/1) - Call for Price

Income Qualification for Megan Manor

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 2 people 3 people 4 people 5 people 6 people
50% AMI for LIHTC Units $26,100 / year $29,350 / year $32,600 / year $35,250 / year $37,850 / year
50% AMI for PBRA Units $26,100 / year $29,350 / year $32,600 / year $35,250 / year $37,850 / year
60% AMI for LIHTC Units $31,320 / year $35,220 / year $39,120 / year $42,300 / year $45,420 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Megan Manor

Does Megan Manor have a waiting list?

Megan Manor 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 Megan Manor?

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 Megan Manor?

Megan Manor is managed by Olympia Management INC headquartered in Albertville, AL.

In addition to Megan Manor, how many other affordable housing properties (and units) are there in Chatom?

In addition to Megan Manor, we list 3 other affordable properties in Chatom. Learn about these properties here. Our data research shows that there are a total of 102 affordable units in Chatom.

When was the Megan Manor listing last updated?

Megan Manor listing on Affordable Housing Online was last updated on 03/05/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Megan Manor

Westgate Apartments

82 East Central Ave, Chatom, Alabama 36518

bed 1-2

Sunrise Apartments of Chatom

120 Cochran Avenue, Chatom, Alabama 36518

bed 1-3
payment $515-575/mo.

Chatom Apartments

16 Cochran Ave, Chatom, Alabama 0

Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.