2866 Lincoln Dr, Selma, AL 36701
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey, Lorena Bentley, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 3 Beds | 2 Baths | - |
This property is currently under construction.
The Lodges on Lincoln is a brand new 56-unit multi-family apartment complex in Selma, Alabama. The complex is situated on approximately nine acres located on Lincoln Drive north of US Hwy 80 in Selma. This has a spacious community building with a computer center and exercise/fitness center available at no charge to residents. In addition, the community has a number of other amenities tenants can enjoy outdoor areas such as a covered picnic pavilion, BBQ facilities, a laundry facility, mail center, covered bus stop shelter, and playground.
Energy efficiency and low maintenance was a priority in the comfortable design and construction of the apartment complex. The Lodges on Lincoln is comprised of 2- and 3-bedroom units ranging from 1053 square feet to 1230 square feet. Each unit includes appliances that are Energy Star rated and approved for their efficiency. This community is easily accessible to local services and a wide variety of retail, restaurants and other services. Grocery, hospital, pharmacy, convenience stores, churches, banking, city parks, library, civic center, and other services are all just a short distance away. The community is located in the Dallas County School District and just a couple of miles from Selma High School.
Because Lodges on Lincoln 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 |
|---|---|---|
| Two Bedroom (2/2) | - | Call for Price† |
| Three Bedroom (3/2) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $22,850 / year | $26,100 / year | $29,350 / year | $32,600 / year | $35,250 / year | $37,850 / year |
| 50% AMI for PBRA Units | $22,850 / year | $26,100 / year | $29,350 / year | $32,600 / year | $35,250 / year | $37,850 / year |
| 60% AMI for LIHTC Units | $27,420 / year | $31,320 / year | $35,220 / year | $39,120 / year | $42,300 / year | $45,420 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Lodges on Lincoln have a waiting list?
Lodges on Lincoln 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 Lodges on Lincoln?
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 Lodges on Lincoln?
Lodges on Lincoln is managed by Olympia Management INC headquartered in Albertville, AL.
In addition to Lodges on Lincoln, how many other affordable housing properties (and units) are there in Selma?
In addition to Lodges on Lincoln, we list 20 other affordable properties in Selma. Learn about these properties here. Our data research shows that there are a total of 1135 affordable units in Selma.
When was the Lodges on Lincoln listing last updated?
Lodges on Lincoln listing on Affordable Housing Online was last updated on 03/05/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
1942 Martin Luther King St, Selma, Alabama 36703
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