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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 1Br./1Ba. 440 Call for Price Message
Two Bedroom (2/1) 2Br./1Ba. 590 Call for Price Message
Three Bedroom (3/1) 3Br./1Ba. 800 Call for Price Message

About Lakeridge Apartments

Lakeridge Apartments is an affordable apartment home community in Eufaula, AL. We offer 24 hour emergency maintenance, a laundry room, a playground and much more. We are conveniently located near shopping and dining centers. Please call our site manager for more information.


Lakeridge Apartments is a 30 unit affordable housing community in Eufaula, Alabama. The community is located in the 2nd Congressional District of Alabama.

Property Amenities

  • Playground
  • Laundry Room
  • 24hr Emergency Maintenance
  • Off-Street Parking

Unit Amenities

  • Handicapped Accessible
  • Cable Ready
  • Spacious Closets
  • Window Coverings
  • Carpet
  • Patio, Deck Or Balcony

Nearby Amenities

  • Close to Dining
  • Close to Shopping
  • Near Hospital
  • Near Park
  • Near Schools

Low Income Housing Tax Credit

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, monthly rent cannot exceed the Tax Credit maximum rent for the area. Households earning less than 60% of the area median income qualify for units with reduced rent. Some rental units in this property may not be subject to LIHTC and therefore may be set at levels higher than the area's LIHTC limits.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Eufaula Low Income Housing Tax Credit Income Limits

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% $16,150 $18,450 $20,750 $23,050 $24,900 $26,750 $28,600 $30,450
60% $19,380 $22,140 $24,900 $27,660 $29,880 $32,100 $34,320 $36,540

Lakeridge Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex when more than one Federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Managed By Royal American Management
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Call (866)-933-2293 ext. 1314#

Message Lakeridge Apartments