Parkwood Apartments

550 Wood Dr, Pell City, Alabama 35125

Parkwood Apartment Homes offer 48 units for families located in the town of Pell City, AL.

Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom One Bath (1/1) - Call for Price
Two Bedroom One Bath (2/1) - Call for Price
Three Bedroom One Bath (3/1) - Call for Price

Parkwood Apartments Details

  • 48 1, 2 and 3 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

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.

Pell City 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 Pell City but actual income limits may differ for units at Parkwood Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $29,950 $34,200 $38,500 $42,750 $46,200 $49,600 $53,050 $56,450
Low Income (60%) $35,940 $41,040 $46,200 $51,300 $55,440 $59,520 $63,660 $67,740
Image of Parkwood Apartments
Image of Parkwood Apartments