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Nathans Ridge

Off U.S. Highway 231, Wetumpka, Alabama 36093

Nathan’s Ridge is currently under construction but will offer a new 56-unit senior living, fixed-income apartment complex with two-bedroom, two-bathroom apartments and one-bedroom, one-bathroom apartments located in two, three-story buildings located in the town of Wetumpka, AL.

Unit (Bd/Ba) Ft2 Rent
One Bedroom One Bath (1/1) - From $576
Two Bedroom Two Bath (2/2) - From $615

Eligibility for Nathans Ridge

Nathans Ridge Details

  • 56 one and two bedroom units.
  • HOME Investment Partnerships Program
  • Low-Income Housing Tax Credit (LIHTC)

Unit Amenities

  • Water Trash and Sewer Included
HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

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.