Income Requirements:

Arbours at Cane Creek is operated under Affordable Housing Program under Section 42 of the Internal Revenue Code. Residency at Arbours at Cane Creek is for those families having moderate incomes. The maximum allowable income (by family size) for the Anniston area is listed in the table below. Rents and income limits are subject to change without notice, pending HUD Updates.

January 2025 Rental Pricing

Two Bedroom           $836
Three Bedroom         $962
Four Bedroom           $1078

Application Fee: $30 per person
Security Deposit: $250 - $350

Total household income must be at least 2 1/2 times the rent amount.
Minimum Gross Annual Income

2-Bedroom                $22,800
3-Bedroom                $26,250
4-Bedroom                $29,400
 

# Household        Maximum Gross Annual Income Limit

1 Person                $30,960

2 People                $35,340

3 People                $39,780

4 People                $44,160

5 People                $47,700

6 People                $51,240

7 People                $54,780

8 People                $58,320

Gross income is calculated as income before taxes.

Income includes, but is not limited to, wages from employment, social security, pension, court ordered child support, unemployment, self-employment income (must be verified with previous tax return), and gift contributions (can only be 35% of qualifying income).

**Minimum Credit Score of 500 is Required**
 

**Income limits effective 5/01/2024