Eligibility for Spring Run Apartments
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 Fairhope but actual income limits may differ for units at Spring Run Apartments.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% | $19,050 | $21,750 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% | $31,700 | $36,200 | $40,750 | $45,250 | $48,900 | $52,500 | $56,150 | $59,750 |
| 80% | $50,700 | $57,950 | $65,200 | $72,400 | $78,200 | $84,000 | $89,800 | $95,600 |
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 Fairhope but actual income limits may differ for units at Spring Run Apartments.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| Very Low Income (50%) | $31,700 | $36,200 | $40,750 | $45,250 | $48,900 | $52,500 | $56,150 | $59,750 |
Spring Run Apartments Details
- 50 bedroom units.
- Section 8 Project-Based Rental Assistance (PBRA)
- Section 221 (d) (3)
Section 8 Project-Based Rental Assistance (PBRA)
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.
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