River Oaks Apartments Oneonta

About This Building

River Oaks Apartments Oneonta: Affordable Housing Option with Income Restrictions Overview: - River Oaks Apartments Oneonta is a Low-Income Housing Tax Credit apartment situated in Oneonta, AL. - These rental apartments are supported by the LIHTC, providing affordable housing options. - The program has rent and income restrictions to assist low-income individuals. Incentives for Affordable Housing: - The LIHTC offers incentives to builders and developers to create affordable housing for low-income individuals. - The maximum rent charged is determined based on the Area Median Income (AMI). Considerations for Affordability: - Due to the AMI-based rent structure, this apartment may still be unaffordable for low-income individuals. - It is recommended to check the current rental rates to determine affordability. Apartment Details: - River Oaks Apartments Oneonta comprises 35 low-income apartments. - Typically, apartments have waiting lists, so contacting them directly is advised. - Contact information provided for direct inquiries and application process. Important Information: - Understanding LIHTC: Low-Income Tax Credit) units for rent. - All expected adult residents' income must be included and verified during the application process. - Additional details can be obtained by calling for more information.