Holly Park is an affordable senior housing complex located in Gadsden Alabama. We offer 2 bedroom units with many unit amenities and features. Unit amenities include high energy appliances including a Energy Star range, refrigerator, and dishwasher; central heat and air; washer & dryer connections in each unit, patios, outside storage closets, and window coverings. Property amenities include a community laundry room. Additionally, we offer a community 4th of July Cookout, Labor Day Cookout, tax services provided by David Smith, and fire department safety instructions.
|Two Bedroom (2/2)||-||$408|
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 Gadsden but actual income limits may differ for units at Holly Park Estates.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$22,150||$25,300||$28,450||$31,600||$34,150||$36,700||$39,200||$41,750|
|Low Income (60%)||$26,580||$30,360||$34,140||$37,920||$40,980||$44,040||$47,040||$50,100|
Holly Park Estates is managed by The Vantage Group.
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.
This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.