225 Angel Street, Guntersville, AL 35976
Waiting List Forecast: Likely Short or None
Verified for 2019 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $314 - 420 per Month† | 1 - 2 Beds | 1 Bath | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
The Reserve at Spring Creek is a beautiful new property in or Guntersville, property AL. It was built in early 2016 and we are now moving people in. This 35 unit senior property is conveniently located near local shopping venues and near Lake Guntersville.
Because Reserve at Spring Creek participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | $314† |
| Two Bedroom (2/1) | - | $420† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $23,500 / year | $26,850 / year | $30,200 / year | $33,550 / year |
| 50% AMI for PBRA Units | $23,500 / year | $26,850 / year | $30,200 / year | $33,550 / year |
| 60% AMI for LIHTC Units | $28,200 / year | $32,220 / year | $36,240 / year | $40,260 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Reserve at Spring Creek have a waiting list?
Reserve at Spring Creek probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Reserve at Spring Creek?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Reserve at Spring Creek?
Reserve at Spring Creek is managed by The Vantage Group headquartered in Fyffe, Alabama.
In addition to Reserve at Spring Creek, how many other affordable housing properties (and units) are there in Guntersville?
In addition to Reserve at Spring Creek, we list 9 other affordable properties in Guntersville. Learn about these properties here. Our data research shows that there are a total of 619 affordable units in Guntersville.
Always check the program's income limit.
Most federal housing programs serve renters earning 80% or less of the Area Median Income (AMI), or less.Ashley Prince says:
"Affordable Housing Online helped me stay ahead of the game to find out about waiting list openings in my high demand area."