Mayfair Manor Apartments

705 7th St NE, Fayette, Alabama 35555

Welcome to Mayfair Manor Apartments

Located in Fayette, Alabama, Mayfair Manor Apartments is a peaceful community consisting of apartments. These apartments are suited for individuals over the age of 62, persons that are disabled, or anyone suffering from a handicap. Enjoy a morning walk around the property or enjoy playing a tune on the piano located in the community room. We are conveniently located near a grocery, pharmacy, and a hospital.

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Units

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

Mayfair Manor Apartments Details

  • 47 1 and 2 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 515 Rural Rental Housing
  • Section 521 USDA Rental Assistance

Unit Amenities

  • Spacious Closets
  • Refrigerator
  • Extra Storage
  • Water Trash and Sewer Included
  • Kitchen Pantry
  • Bathroom Grab Bars
  • Blinds
  • Stove
  • Cable & Internet Ready
  • Fully Equipped Kitchen
  • Outside Storage Closets
  • Heat and Air

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

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.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Fayette HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Fayette but actual income limits may differ for units at Mayfair Manor Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $13,590 $18,310 $23,030 $27,750 $32,470 $35,750 $38,200 $40,700
50% $21,600 $24,650 $27,750 $30,800 $33,300 $35,750 $38,200 $40,700
80% $34,550 $39,450 $44,400 $49,300 $53,250 $57,200 $61,150 $65,100

Fayette Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Fayette but actual income limits may differ for units at Mayfair Manor Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $21,600 $24,650 $27,750 $30,800 $33,300 $35,750 $38,200 $40,700
Low Income (60%) $25,920 $29,580 $33,300 $36,960 $39,960 $42,900 $45,840 $48,840
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