About This Property
Morgan Trace Apts contains 50 low-income units in Gulf Shores, Alabama and has been in service since 1988. The property is financed through 4% Low-Income Housing Tax Credits and serves families and individuals with disabilities. Units are managed to provide affordable rental housing in Baldwin County.
Property Details
Fair Market Rent - Baldwin County, AL
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,051 |
| 1 Bedroom | $1,056 |
| 2 Bedroom | $1,362 |
| 3 Bedroom | $1,670 |
| 4 Bedroom | $2,114 |
Income Limits - Baldwin County, AL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,200
- Very Low (50%)
- $26,950
- Low (80%)
- $43,150
- Extremely Low (30%)
- $18,500
- Very Low (50%)
- $30,800
- Low (80%)
- $49,300
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,650
- Low (80%)
- $55,450
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,500
- Low (80%)
- $61,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,600
- Low (80%)
- $66,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,700
- Low (80%)
- $71,500
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,750
- Low (80%)
- $76,400
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $50,850
- Low (80%)
- $81,350
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,200 | $26,950 | $43,150 |
| 2 Persons | $18,500 | $30,800 | $49,300 |
| 3 Persons | $21,960 | $34,650 | $55,450 |
| 4 Persons | $26,500 | $38,500 | $61,600 |
| 5 Persons | $31,040 | $41,600 | $66,550 |
| 6 Persons | $35,580 | $44,700 | $71,500 |
| 7 Persons | $40,120 | $47,750 | $76,400 |
| 8 Persons | $44,660 | $50,850 | $81,350 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Gulf Shores, AL?+
The Fair Market Rent (FMR) for Baldwin County, AL is: $1051 (Studio), $1056 (1BR), $1362 (2BR), $1670 (3BR), $2114 (4BR). Actual rent at subsidized properties like Morgan Trace Apts is typically 30% of household income or less.
What are the income limits for affordable housing in Baldwin County, AL?+
For a 4-person household in Baldwin County, AL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,500, Low Income (80% AMI): $61,600. These limits are set by HUD and updated annually.
Who is eligible to live at Morgan Trace Apts?+
Morgan Trace Apts primarily serves families, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Morgan Trace Apts?+
Morgan Trace Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Morgan Trace Apts?+
Morgan Trace Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Morgan Trace Apts
Peppertree Phase Ii
Gulf Shores, AL
72 UnitsPeppertree Phase I
Gulf Shores, AL
56 UnitsBayview Estates
Orange Beach, AL
31 UnitsAlison Pointe Apts
Foley, AL
128 UnitsRegency Pointe Phase Ii
Foley, AL
48 Units
Foley Ha
Foley, AL
2 Units