Cottonwood Estates

510 E Pearl St, Jackson, Alabama 36545

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Cottonwood Estates is managed by Olympia Management INC.

Cottonwood Estates is a vibrant community that offers 2- and 3-bedroom income-restricted apartments for rent in Jackson, Alabama, conveniently located near shopping, schools, and services. All units come equipped with central heat & air conditioning, washer/dryer connections, a private patio or balcony, range, dishwasher, microwave, disposal, and refrigerator. Residents also have the comfort of knowing there is a security system on the property.

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

Eligibility for Cottonwood Estates

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 Jackson but actual income limits may differ for units at Cottonwood Estates.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person
Very Low Income (50%) $22,850 $26,100 $29,350 $32,600 $35,250 $37,850
Low Income (60%) $27,420 $31,320 $35,220 $39,120 $42,300 $45,420

Cottonwood Estates Details

  • 48 one, two and three bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Playground
  • Community Room
  • Laundry Facility
  • Picnic Area

Unit Amenities

  • Dishwasher
  • Microwave
  • Washer and Dryer Hookup
  • Cable Ready
  • Refrigerator
  • Oven and Range
  • Central Heat & Air
  • Private Patio and Balcony
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.

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