Sperry Landing Theodore

About This Building

Affordable Housing in Sperry Landing Theodore - Introduction: Sperry Landing Theodore is a housing community in Theodore, AL that offers affordable options for low-income individuals and families. Supported by the Low-Income Housing Tax Credit (LIHTC) program, these rental apartments come with specific rent and income restrictions. - LIHTC and its Benefits: The LIHTC program incentivizes builders and developers to create affordable housing options for low-income individuals. The maximum rent charged is determined based on the Area Median Income (AMI) of the area. However, due to this AMI, some low-income individuals may still find the apartments to be unaffordable. - Rental Rates and Availability: To determine if the apartments are affordable for you, it is recommended to check the current rental rates. As there are only 94 low-income apartments available, it is common for waiting lists to exist. - Applying and Qualification: To gain further information and to apply for residency, it is advised to directly contact the Sperry Landing Theodore community using the provided contact number. Remember, when applying, the income of all adults expected to reside in the apartment must be included and verified. Call for more details. - Know About LIHTC (Low Income Tax Credit) Units: For those seeking affordable rental options, it is useful to be aware of LIHTC units. LIHTC-eligible apartments often come with certain rent and income restrictions, making them a viable choice for low-income individuals.