409 Lee Road 307, Phenix City, AL 36870
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $540 - 615 per Month† | 2 - 3 Beds | 2 Baths | 1,089 - 1,248 Sq Ft |
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.
Trinity Lake Apartments offers 2-bedroom and 3-bedroom apartment homes in Phenix City, AL. Each unit features a fully equipped kitchen with Energy Star appliances, central heat/air, washer/dryer hook ups, pantry, patio or balcony, and outside storage. Property amenities include a clubhouse, computer room, community laundry room, playground, picnic area, and beautiful landscaping. Conveniently located just off of Highway 280. Trinity Lake Apartments offers a quite park-like living environment, yet city conveniences of stores, parks, and schools are only minutes away.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Trinity Lake Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Two Bedroom (2/2) | 1089ft2 | $540† |
| Three Bedroom (3/2) | 1248ft2 | $615† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $29,400 / year | $33,600 / year | $37,800 / year | $41,950 / year | $45,350 / year | $48,700 / year |
| 50% AMI for PBRA Units | $29,400 / year | $33,600 / year | $37,800 / year | $41,950 / year | $45,350 / year | $48,700 / year |
| 60% AMI for LIHTC Units | $35,280 / year | $40,320 / year | $45,360 / year | $50,340 / year | $54,420 / year | $58,440 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Trinity Lake Apartments have a waiting list?
Trinity Lake Apartments 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 Trinity Lake Apartments?
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 Trinity Lake Apartments?
Trinity Lake Apartments is managed by Hollyhand Companies headquartered in Northport, Alabama.
In addition to Trinity Lake Apartments, how many other affordable housing properties (and units) are there in Phenix City?
In addition to Trinity Lake Apartments, we list 32 other affordable properties in Phenix City. Learn about these properties here. Our data research shows that there are a total of 881 affordable units in Phenix City.
When was the Trinity Lake Apartments listing last updated?
Trinity Lake Apartments listing on Affordable Housing Online was last updated on 09/12/2023 by Colleen Carter. Remember, a property's status can change so you should contact the property to confirm.
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.LMarie Murphy says:
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