Raintree Apartments

21 Harrison St, Rainsville, Alabama 35986

Contact Raintree Apartments

Raintree is an affordable family housing complex located in Rainsville, Alabama. This community offers 1 and 2-bedroom units with many unit amenities and features. Unit amenities include appliances such as microwave and dishwasher; central heat and air; washer & dryer connections in each unit and ceiling fans. Additionally, they have a clubhouse, playground, covered picnic pavilion, computer center, gazebo & a bus stop shelter.

Unit (Bd/Ba)	Ft²	Rent
One bedroom (1/1)	-	From $427 To $477
Two bedroom (2/1)	-	From $460 To $510

Eligibility for Raintree Apartments

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 Rainsville but actual income limits may differ for units at Raintree Apartments.

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

Raintree Apartments Details

24 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance

Property Amenities

Playground
Clubhouse
24hr Emergency Maintenance
Off-Street Parking
Grilling Area
Computer Room
Beautiful Landscape
Picnic Area

Unit Amenities

Air Conditioning
Ceiling Fan(s)
Dishwasher
Microwave
Central Heat & Air

Office Hours

Day	Hours
Monday	10:00am-3:00pm
Tuesday	10:00am-3:00pm

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.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.