About This Property
Cornerstone Place offers 48 low-income units in Alexander City, Alabama, with a unit mix of eight 1-bedroom, twenty-eight 2-bedroom, and twelve 3-bedroom apartments. The property has been in service since 2001 and serves families and disabled residents. Financing includes 9% LIHTC credit and HOME funding.
Waitlist Information
Waitlist managed by Housing Authority of the City of Alexander City
Persons with disabilities rank higher on the admission list; declining two invitations will purge an application from the waitlist.
Applicants are limited to very-low income families, elderly, handicapped or disabled persons, and families physically displaced by public housing demolition. The average wait time is 24 months.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Tallapoosa 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 | $687 |
| 1 Bedroom | $698 |
| 2 Bedroom | $917 |
| 3 Bedroom | $1,171 |
| 4 Bedroom | $1,227 |
Income Limits - Tallapoosa County, AL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,150
- Low (80%)
- $32,200
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,000
- Low (80%)
- $36,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $25,900
- Low (80%)
- $41,400
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $28,750
- Low (80%)
- $46,000
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $31,050
- Low (80%)
- $49,700
- Extremely Low (30%)
- $33,350
- Very Low (50%)
- $33,350
- Low (80%)
- $53,400
- Extremely Low (30%)
- $35,650
- Very Low (50%)
- $35,650
- Low (80%)
- $57,050
- Extremely Low (30%)
- $37,950
- Very Low (50%)
- $37,950
- Low (80%)
- $60,750
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,150 | $32,200 |
| 2 Persons | $17,420 | $23,000 | $36,800 |
| 3 Persons | $21,960 | $25,900 | $41,400 |
| 4 Persons | $26,500 | $28,750 | $46,000 |
| 5 Persons | $31,040 | $31,050 | $49,700 |
| 6 Persons | $33,350 | $33,350 | $53,400 |
| 7 Persons | $35,650 | $35,650 | $57,050 |
| 8 Persons | $37,950 | $37,950 | $60,750 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Alexander City, AL?+
The Fair Market Rent (FMR) for Tallapoosa County, AL is: $687 (Studio), $698 (1BR), $917 (2BR), $1171 (3BR), $1227 (4BR). Actual rent at subsidized properties like Cornerstone Place is typically 30% of household income or less.
What size apartments are available at Cornerstone Place?+
Cornerstone Place offers the following unit types: 8 One-Bedroom, 28 Two-Bedroom, 12 Three-Bedroom units, for a total of 48 units.
Who manages Cornerstone Place?+
Cornerstone Place is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Tallapoosa County, AL?+
For a 4-person household in Tallapoosa County, AL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $28,750, Low Income (80% AMI): $46,000. These limits are set by HUD and updated annually.
Who is eligible to live at Cornerstone Place?+
Cornerstone Place primarily serves families, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Cornerstone Place?+
Cornerstone Place 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.
Is there a waitlist for Cornerstone Place?+
Public Housing waitlist is currently Closed. 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 Alexander City, AL?+
Based on Fair Market Rent for Tallapoosa County, the estimated price range is: 1-bedroom: $698, 2-bedroom: $917, 3-bedroom: $1171. Actual rent at Cornerstone Place may be lower for income-eligible households.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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