Chestnut Hill

3200 Smith Dr, Altoona, Alabama 35952

Contact Chestnut Hill

Located just off Main Street in Altoona, Alabama, Chestnut Hills Apartments offers quality living for adults 62 and over, as well as individuals with disabilities. Apartments are available in 1- and 2-bedroom floor plans, each equipped with central heat and air, refrigerator and range.

Residents enjoy the on-site community room, laundry facilities, and outdoor picnic area. Rent includes water/sewer and garbage pickup.

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

Eligibility for Chestnut Hill

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Altoona but actual income limits may differ for units at Chestnut Hill.

AMI Band	1 Person	2 Person	3 Person	4 Person
30%	$18,900	$21,600	$24,860	$30,000
50%	$31,450	$35,950	$40,450	$44,900
80%	$50,300	$57,500	$64,700	$71,850

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 Altoona but actual income limits may differ for units at Chestnut Hill.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$31,450	$35,950	$40,450	$44,900
Low Income (60%)	$37,740	$43,140	$48,540	$53,880

Chestnut Hill Details

24 one and two bedroom units.
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Community Room
Laundry Facilities
Picnic Area

Unit Amenities

Refrigerator
Oven and Range
Water Trash and Sewer Included
Central Heat & Air

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

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.