Stoneridge Villas

1700 Balch Rd, Madison, Alabama 35749

Contact Stoneridge Villas

Stoneridge Villas is a two-phase affordable apartment community for adults 55 and over, conveniently located in the heart of Madison, AL. The community consists of 1-bedroom and 2-bedroom apartments that each feature a fully-equipped kitchen, large closets, and a washer and dryer. Community amenities include an inviting clubhouse, fitness center, picnic area, walking trail with benches, and a business center with computer stations.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	925	Income Based
Two Bedroom A (2/1.5)	1118	Income Based
Two Bedroom (2/1.5)	1118	From $1,115 To $1,228

Eligibility for Stoneridge Villas

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 Madison but actual income limits may differ for units at Stoneridge Villas .

AMI Band	1 Person	2 Person	3 Person	4 Person
50%	$34,350	$39,250	$44,150	$49,050

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 Madison but actual income limits may differ for units at Stoneridge Villas .

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$34,350	$39,250	$44,150	$49,050
Low Income (60%)	$41,220	$47,100	$52,980	$58,860

Stoneridge Villas Details

5 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Public Housing
Section 8 Project-Based Voucher (PBV)

Property Amenities

Fitness Center
BBQ and Picnic Area
Business Center
On-Site Manager
24hr Emergency Maintenance
On-Site Parking
Online Payments Accepted
Landscaping
Walking Trails
Community Kitchen

Unit Amenities

Central Air
Dishwasher
Garbage Disposal
Microwave
Extra Storage
Spacious floor plans
Fully Equipped Kitchen
Washer and Dryer Included
Private Patios
Large Closets

Office Hours

Day	Hours
Monday	8:30am-5:00pm
Tuesday	8:30am-5:00pm
Wednesday	8:30am-5:00pm
Thursday	8:30am-5:00pm
Friday	8:30am-5:00pm

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.

Public Housing

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.