Olympia Gardens

3332 Meridian St N, Huntsville, Alabama 35811

Contact Olympia Gardens

Olympia Gardens is a quiet apartment community conveniently located in east-central Huntsville along Meridian Street North, just south of the Alabama A&M University Campus. Tucked up against the Chapman Mountain Preserve, the wooded grounds provide a lovely setting with amenities that include a community clubhouse, laundry facilities, swimming pool, playground and gazebo for get-togethers with family and friends.

The spacious units are available in one of five floorplans — two for the 2-bedroom apartments, two for the 2-bedroom apartments, and one 3-bedroom floor plan. Each of the apartments comes equipped with central heat and air conditioning, range, dishwasher, disposal, and refrigerator with ice maker. Rental rates include water, sewer, and trash removal.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	Call for Price
Two Bedroom (2/1)	-	Call for Price
Three Bedroom (3/1)	-	Call for Price

Eligibility for Olympia Gardens

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 Huntsville but actual income limits may differ for units at Olympia Gardens.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$34,350	$39,250	$44,150	$49,050	$53,000	$56,900
Low Income (60%)	$41,220	$47,100	$52,980	$58,860	$63,600	$68,280

Olympia Gardens Details

48 one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program

Property Amenities

Playground
Clubhouse
Gazebo
Laundry Facilities
Swimming pool

Unit Amenities

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

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.