Grace Ridge Auburn

About This Building

Affordable Housing Option in Grace Ridge Auburn, AL - Low-Income Housing Tax Credit Apartment If you are searching for affordable housing in Auburn, AL, look no further than Grace Ridge Auburn. This apartment complex is supported by the LIHTC program, offering rental apartments with applicable rent and income restrictions. - Providing Affordable Housing to Low-Income Individuals Through the LIHTC, builders and developers are encouraged to create affordable housing options for low-income individuals. The maximum rent charged at Grace Ridge Auburn is based on the Area Median Income (AMI). However, it is important to note that for some low-income persons, this AMI may still make the apartment unaffordable. - Check for Current Rental Rates To determine if Grace Ridge Auburn is within your budget, make sure to check the current rental rates. It is crucial to ensure that the apartment is affordable for your specific financial situation. - 56 Low-Income Apartments Located at Grace Ridge Auburn are 56 low income apartments. Due to the high demand for affordable housing, many apartments have waiting lists. However, contacting them directly at the provided number will enable you to inquire about availability and see if you meet the qualifications. TIP: Consider LIHTC Units for Rent Familiarize yourself with the concept of Low-Income Tax Credit (LIHTC) units for rent. Keep in mind that the income of all expected adult residents needs to be included and verified during the application process. For further details, contact Grace Ridge Auburn.