Graceway Apartments

20815 Bishop Rd, Fairhope, Alabama 35401

Contact Graceway Apartments

Graceway Apartments is an affordable community for seniors offering 48 units. For more information, please contact their management office.

This project has been funded and will begin construction soon.

Eligibility for Graceway Apartments

Graceway Apartments Details

48 bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Elevator
Fitness Center
Business Center
Clubhouse
On-Site Manager
On-Site Maintenance
Laundry Facility

Unit Amenities

Washer and Dryer Hookup
Window Coverings
Patio Deck Or Balcony
Refrigerator
Heat and Air

Office Hours

Day	Hours
Monday	8:00am-4:30pm
Tuesday	8:00am-4:30pm
Wednesday	8:00am-4:30pm
Thursday	8:00am-4:30pm
Friday	8:00am-4:30pm

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.