About This Property
Stone Gate offers 19 low-income units in Rockford, AL, consisting of five 1-bedroom and fourteen 2-bedroom apartments. The property has been in service since 1991 and is financed through 9% Low-Income Housing Tax Credits. This community serves elderly and disabled residents.
Property Details
Fair Market Rent - Coosa 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 | $658 |
| 1 Bedroom | $683 |
| 2 Bedroom | $879 |
| 3 Bedroom | $1,063 |
| 4 Bedroom | $1,315 |
Income Limits - Coosa County, AL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,300
- Low (80%)
- $30,900
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,050
- Low (80%)
- $35,300
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,800
- Low (80%)
- $39,700
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,550
- Low (80%)
- $44,100
- Extremely Low (30%)
- $29,800
- Very Low (50%)
- $29,800
- Low (80%)
- $47,650
- Extremely Low (30%)
- $32,000
- Very Low (50%)
- $32,000
- Low (80%)
- $51,200
- Extremely Low (30%)
- $34,200
- Very Low (50%)
- $34,200
- Low (80%)
- $54,700
- Extremely Low (30%)
- $36,400
- Very Low (50%)
- $36,400
- Low (80%)
- $58,250
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,300 | $30,900 |
| 2 Persons | $17,420 | $22,050 | $35,300 |
| 3 Persons | $21,960 | $24,800 | $39,700 |
| 4 Persons | $26,500 | $27,550 | $44,100 |
| 5 Persons | $29,800 | $29,800 | $47,650 |
| 6 Persons | $32,000 | $32,000 | $51,200 |
| 7 Persons | $34,200 | $34,200 | $54,700 |
| 8 Persons | $36,400 | $36,400 | $58,250 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Rockford, AL?+
The Fair Market Rent (FMR) for Coosa County, AL is: $658 (Studio), $683 (1BR), $879 (2BR), $1063 (3BR), $1315 (4BR). Actual rent at subsidized properties like Stone Gate is typically 30% of household income or less.
What size apartments are available at Stone Gate?+
Stone Gate offers the following unit types: 5 One-Bedroom, 14 Two-Bedroom units, for a total of 19 units.
Who manages Stone Gate?+
Stone Gate is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Stone Gate?+
Stone Gate 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.
What are the income limits for affordable housing in Coosa County, AL?+
For a 4-person household in Coosa County, AL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,550, Low Income (80% AMI): $44,100. These limits are set by HUD and updated annually.
What is the price range for apartments in Rockford, AL?+
Based on Fair Market Rent for Coosa County, the estimated price range is: 1-bedroom: $683, 2-bedroom: $879. Actual rent at Stone Gate may be lower for income-eligible households.
Who is eligible to live at Stone Gate?+
Stone Gate primarily serves elderly residents, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Almost All Errands Require a Car
