Princeton Towers is managed by SPM Property Managemnt.
"Princeton Towers apartment homes offer affordable, independent living at its best. Our unique partnership between government, the faith community and the non-profit sector allows Princeton Towers to meet the needs of today's seniors and disabled adults who want to age at home and remain independent for as long as possible.
Princeton Towers has recently undergone major renovations throughout the community including the outdoor common areas, indoor amenities and individual apartment homes. Come home to Princeton Towers, where communities are built, apartments become homes and residents are like family!"
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | 500 | Income Based |
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 Birmingham but actual income limits may differ for units at Princeton Towers.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
30% | $18,900 | $21,600 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
50% | $31,450 | $35,950 | $40,450 | $44,900 | $48,500 | $52,100 | $55,700 | $59,300 |
80% | $50,300 | $57,500 | $64,700 | $71,850 | $77,600 | $83,350 | $89,100 | $94,850 |
Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.