About This Property
Valley Cove Apts is a 40-unit affordable housing community in Fayette, AL that has served low-income families and disabled residents since 2006. The property includes 16 one-bedroom, 16 two-bedroom, and 8 three-bedroom units and receives funding through the HOME program and 9% LIHTC credits. The community is available for households meeting low-income eligibility requirements.
Waitlist Information
Waitlist managed by Housing Authority of the City of Fayette
Qualified applicants are placed on the waiting list by the date and time the pre-application is received, with no stated preferences.
No current information found regarding an open waiting list for the Section 8 Housing Choice Voucher program.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Fayette 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 | $642 |
| 1 Bedroom | $763 |
| 2 Bedroom | $857 |
| 3 Bedroom | $1,147 |
| 4 Bedroom | $1,283 |
Income Limits - Fayette 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 Fayette, AL?+
The Fair Market Rent (FMR) for Fayette County, AL is: $642 (Studio), $763 (1BR), $857 (2BR), $1147 (3BR), $1283 (4BR). Actual rent at subsidized properties like Valley Cove Apts is typically 30% of household income or less.
What size apartments are available at Valley Cove Apts?+
Valley Cove Apts offers the following unit types: 16 One-Bedroom, 16 Two-Bedroom, 8 Three-Bedroom units, for a total of 40 units.
What are the income limits for affordable housing in Fayette County, AL?+
For a 4-person household in Fayette 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.
Who manages Valley Cove Apts?+
Valley Cove Apts is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Valley Cove Apts?+
Valley Cove 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.
Is there a waitlist for Valley Cove Apts?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What is the price range for apartments in Fayette, AL?+
Based on Fair Market Rent for Fayette County, the estimated price range is: 1-bedroom: $763, 2-bedroom: $857, 3-bedroom: $1147. Actual rent at Valley Cove Apts may be lower for income-eligible households.
How do I apply for housing at Valley Cove Apts?+
Valley Cove 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.