Raintree Hurtsboro

About This Building

Affordable Housing Option in Raintree Hurtsboro, AL: Low-Income Housing Tax Credit Apartments Introduction: - Raintree Hurtsboro presents a valuable opportunity for those seeking affordable housing in Hurtsboro, AL. - These rental apartments are supported by the Low-Income Housing Tax Credit (LIHTC) program, offering benefits for low-income individuals and families. Incentives for Affordable Housing: - The LIHTC program incentivizes builders and developers to provide affordable housing to low-income residents. - By participating in this program, Raintree Hurtsboro ensures affordable rental rates for eligible tenants. - The maximum rent charged is determined based on the Area Median Income (AMI). Considering Affordability: - As the rental rates are based on the AMI, the affordability of this apartment complex may vary for low-income individuals. - It is recommended to check the current rental rates to determine if they align with your affordability needs. Number of Low-Income Apartments: - Raintree Hurtsboro features a total of 23 low-income apartments. - Due to the high demand for affordable housing, waiting lists for these apartments are common. Applying and Qualifying: - To inquire about your eligibility for these apartments, we provide the contact information below. - It is important to note that the income of all adult residents who plan to live in this apartment must be disclosed and verified during the application process. - For more details and specific requirements, please contact the provided number. Conclusion: - Raintree Hurtsboro offers Low-Income Housing Tax Credit apartments, providing an affordable housing option in Hurtsboro, AL. - By understanding the LIHTC program and considering the AMI-based rental rates, individuals can determine if these apartments meet their affordability needs.