TuxedoTerrace is managed by Housing Authority of the Birmingham District.
A HOPE VI community includes 220 rental apartments in Phase I and Phase II. There are a mix of housing types including townhomes, duplexes, and single family homes.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom One Bath (1/1) | - | Call for Price |
Two Bedroom One Bath (2/1) | - | Call for Price |
Three Bedroom Two Bath (3/2) | - | Call for Price |
Last updated on July 1st, 2019
Last updated on July 1st, 2019
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.
Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.