Alexander Terrace Apartments, Phase Ii Moulton

About This Building

Title: Affordable Housing at Alexander Terrace Apartments, Phase II Moulton, AL Heading 1: Introduction Heading 2: Low-Income Housing Tax Credit at Alexander Terrace Apartments Heading 3: Rental Rates and Income Restrictions Heading 4: Providing Affordable Housing for Low-Income Individuals Heading 5: Considerations for Low Income Persons Heading 6: Availability and Application Process Paragraph 1: Welcome to Alexander Terrace Apartments, Phase II Moulton, a prime affordable housing option in the heart of Moulton, AL. Paragraph 2: Low-Income Housing Tax Credit (LIHTC) supports these rental apartments, ensuring they remain accessible for individuals seeking affordable housing. With program rent and income restrictions in place, Alexander Terrace Apartments are designed to cater to low-income individuals. Paragraph 3: The LIHTC incentivizes builders and developers to offer affordable housing options for individuals with limited means. Consequently, the maximum rent charged at Alexander Terrace Apartments is determined based on the Area Median Income (AMI). Paragraph 4: While the AMI calculation may still render this apartment unaffordable for some low-income individuals, we encourage you to check the current rental rates to see if it aligns with your budgetary needs. Paragraph 5: Featuring 32 low-income apartments, Alexander Terrace Apartments is highly sought-after, and waiting lists are common in today's rental market. Thus, we provide contact information for you to reach out directly and inquire about qualifications and application procedures. Paragraph 6: TIP: Understanding the benefits of Low-Income Tax Credit (LIHTC) units available for rent is essential to secure affordable housing. Paragraph 7: It is crucial to include and verify the income of all adults intending to reside in this apartment during the application process. For more detailed information, please contact our office directly and our team will be happy to assist you.