Renaissance at Park Place South Apartments

240 Amal Dr, Atlanta, Georgia 30315

The Renaissance at Park Place is a senior community for residents age 55 and older.

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - $688
2 Bedroom (2/1) - $788

Renaissance at Park Place South Apartments Details

  • 100 one and two bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Controlled Access
  • Fitness Center
  • Barber Shop and Beauty Salon
  • Laundry Facilities

Unit Amenities

  • Central Air
  • Dishwasher
  • Washer and Dryer Hookup

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.

Atlanta 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 Atlanta but actual income limits may differ for units at Renaissance at Park Place South Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $33,750 $38,600 $43,400 $48,200 $52,100 $55,950 $59,800 $63,650
Low Income (60%) $40,500 $46,320 $52,080 $57,840 $62,520 $67,140 $71,760 $76,380

Renaissance at Park Place South Apartments is managed by Mercy Housing.

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