The Renaissance is more than a beautiful community located in Downtown Mobile, Alabama. It has spacious 1, 2 and 3-bedroom homes with fully-equipped kitchens. The Renaissance is more than just another apartment home — it is a Homeownership Catalyst Community, and one of the first of its kind. The community was built with care to ensure that our residents would find not only an apartment home, that they would also find the opportunity to become home owner themselves. This community offers a lifestyle that helps turn your home today into a promising future for tomorrow. At The Renaissance, our residents will be able to prepare for tomorrow by participating in educational programs. These programs will contain information about finance, the paths to homeownership, interview training, computer skills and so much more.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 Bedroom (1/1) | 725 | Call for Price |
2 Bedroom (2/1) | 944 | Call for Price |
3 Bedroom (3/1.5) | 1238 | Call for Price |
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 Mobile but actual income limits may differ for units at The Renaissance Family.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
30% | $14,580 | $19,720 | $24,860 | $30,000 | $35,140 | $40,100 |
50% | $24,200 | $27,650 | $31,100 | $34,550 | $37,350 | $40,100 |
80% | $38,750 | $44,250 | $49,800 | $55,300 | $59,750 | $64,150 |
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 Mobile but actual income limits may differ for units at The Renaissance Family.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
Very Low Income (50%) | $24,200 | $27,650 | $31,100 | $34,550 | $37,350 | $40,100 |
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.