Gibbs Manor

200 Gibbs St, Troy, Alabama 36081

Contact Gibbs Manor

Gibbs Manor is an affordable apartment community offering 1-bedroom and 2-bedroom floor plans. Each unit features a washer/dryer and outside storage. There is a picnic area and playground on the property.

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

Eligibility for Gibbs Manor

Gibbs Manor Details

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

Property Amenities

Playground
On-Site Manager
Gazebo
On-Site Maintenance
Picnic Area

Unit Amenities

Washer and Dryer Included
Outside Storage Closets

Nearby Amenities

Near Bus Line

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.

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 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.