The Timbers at Rayleigh is a beautiful new affordable housing complex that opened in the fall of 2014. We will offer spacious 1, 2 and 3 bedroom homes. Our energy efficient apartments include a fully equipped kitchen with Energy Star appliances, W/D Connections, a patio or balcony, and much more. Our property amenities include: a clubhouse, exercise room, computer center, community laundry room, covered picnic area and a fun playground for the kids. Our residents will enjoy holiday festivities, potluck dinners, as well as monthly game and movie nights. We are in a quiet neighborhood, but close to shopping.
|One Bedroom (1/1)||738||$426|
|Two Bedroom (2/2)||984||$532|
|Three Bedroom (3/2)||1202||$584|
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.
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 Timbers at Rayleigh.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Low Income (60%)||$26,580||$30,360||$34,140||$37,920||$40,980||$44,040||$47,040||$50,100|
Timbers at Rayleigh is managed by The Vantage Group.