Stone Ridge Apartments Flat Rock

About This Building

Affordable Housing Option in Stone Ridge Apartments Flat Rock Incentivizing Affordable Housing through LIHTC Program Stone Ridge Apartments Flat Rock is a low-income housing tax credit apartment situated in Flat Rock, AL, offering an affordable housing option for those in need. Supported by the LIHTC program, these rental apartments come with program rent and income restrictions, ensuring that they remain affordable for low-income individuals. AMI-Based Rent Calculation The LIHTC program motivates builders and developers to provide housing options at affordable rates for low-income persons. The maximum rent charged for these apartments is determined based on the Area Median Income (AMI). However, it is important to note that AMI-based rent may still prove unaffordable for some low-income individuals. Monitoring Rental Rates for Affordability To determine whether the Stone Ridge Apartments Flat Rock is within your affordability range, it is advisable to check the current rental rates. In total, there are 24 low-income apartments available at this location. However, as is common in many areas, waiting lists for these apartments may be in place. Applying for Stone Ridge Apartments Flat Rock If you are interested in applying for these apartments, we provide their contact information so you can reach out to them directly. It is crucial to consider the LIHTC (Low Income Tax Credit) units for rent and ensure that the income of all adults expected to reside in the apartment is included and verified during the application process. Contact Information and Additional Details For more information about Stone Ridge Apartments Flat Rock and to inquire about the application process and qualification criteria, please call the provided number. They will be able to provide you with further details and address any questions you may have.