Rainbow Apartments
120 Doris St, Rainbow City, Alabama 35906
Eligibility for Rainbow 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 Rainbow City but actual income limits may differ for units at Rainbow Apartments.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% | $14,580 | $19,720 | $24,860 | $30,000 | $35,140 | $38,150 | $40,750 | $43,400 |
| 50% | $23,000 | $26,300 | $29,600 | $32,850 | $35,500 | $38,150 | $40,750 | $43,400 |
| 80% | $36,800 | $42,050 | $47,300 | $52,550 | $56,800 | $61,000 | $65,200 | $69,400 |
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 Rainbow City but actual income limits may differ for units at Rainbow Apartments.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| Very Low Income (50%) | $23,000 | $26,300 | $29,600 | $32,850 | $35,500 | $38,150 | $40,750 | $43,400 |
Rainbow Apartments Details
- 52 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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