Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.
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 Gadsden but actual income limits may differ for units at Coosa Bend 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 | $36,700 | $39,200 | $41,750 |
50% | $22,150 | $25,300 | $28,450 | $31,600 | $34,150 | $36,700 | $39,200 | $41,750 |
80% | $35,400 | $40,450 | $45,500 | $50,550 | $54,600 | $58,650 | $62,700 | $66,750 |