About This Property
Gregory Lane Apartments, Phase II consists of 40 units in Acworth, Georgia, with 38 designated as low-income housing. The property has been in service since 1995 and serves Cherokee County residents. This multifamily community offers affordable rental options for qualifying households.
Property Details
Fair Market Rent - Cherokee County, GA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,599 |
| 1 Bedroom | $1,643 |
| 2 Bedroom | $1,844 |
| 3 Bedroom | $2,230 |
| 4 Bedroom | $2,707 |
Income Limits - Cherokee County, GA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,100
- Very Low (50%)
- $30,200
- Low (80%)
- $48,300
- Extremely Low (30%)
- $20,700
- Very Low (50%)
- $34,500
- Low (80%)
- $55,200
- Extremely Low (30%)
- $23,300
- Very Low (50%)
- $38,800
- Low (80%)
- $62,100
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $43,100
- Low (80%)
- $68,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $46,550
- Low (80%)
- $74,500
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $50,000
- Low (80%)
- $80,000
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $53,450
- Low (80%)
- $85,500
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $56,900
- Low (80%)
- $91,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,100 | $30,200 | $48,300 |
| 2 Persons | $20,700 | $34,500 | $55,200 |
| 3 Persons | $23,300 | $38,800 | $62,100 |
| 4 Persons | $26,500 | $43,100 | $68,950 |
| 5 Persons | $31,040 | $46,550 | $74,500 |
| 6 Persons | $35,580 | $50,000 | $80,000 |
| 7 Persons | $40,120 | $53,450 | $85,500 |
| 8 Persons | $44,660 | $56,900 | $91,050 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Acworth, GA?+
The Fair Market Rent (FMR) for Cherokee County, GA is: $1599 (Studio), $1643 (1BR), $1844 (2BR), $2230 (3BR), $2707 (4BR). Actual rent at subsidized properties like Gregory Lane Apartments, Phase Ii is typically 30% of household income or less.
What are the income limits for affordable housing in Cherokee County, GA?+
For a 4-person household in Cherokee County, GA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $43,100, Low Income (80% AMI): $68,950. These limits are set by HUD and updated annually.
Who manages Gregory Lane Apartments, Phase Ii?+
Gregory Lane Apartments, Phase Ii is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Gregory Lane Apartments, Phase Ii?+
Gregory Lane Apartments, Phase Ii 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
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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