Lakeside Apartments - Concord

About This Building

Lakeside Apartments: Affordable Housing Option in Concord, CA Introduction: Lakeside Apartments Concord offers Low-Income Housing Tax Credit (LIHTC) apartments, located in Concord, CA. If you are in search of affordable housing, these rental apartments are backed by LIHTC and have specific rent and income restrictions. LIHTC and its Benefits: LIHTC is a program that encourages builders and developers to create affordable housing for low-income individuals. It provides incentives for these developers to ensure that the maximum rent charged is based on the Area Median Income (AMI). However, it is important to note that the AMI may still make this apartment complex unaffordable for low-income individuals. Rental Rates: To determine if the apartment is affordable for you, it is advisable to check the current rental rates. The AMI-based rent may present challenges for low-income individuals. Therefore, understanding the rental rates is essential before making any decisions. Number of Low-Income Apartments: Lakeside Apartments Concord consists of 122 low-income apartments. Considering the demand for affordable housing, most apartments typically have waiting lists. Hence, it is recommended to contact the management directly using the provided number to inquire about availability and potential eligibility. Tips for Renting LIHTC Units: It is important to note that when applying for an apartment at this location, the combined income of all adult residents is considered and verified. For more detailed information, contact the management to discuss the application process and requirements. Apartment Options: Lakeside Apartments Concord offers various apartment layouts to suit different needs: - 1 bedroom apartments at this location - 2 bedroom apartments at this location - 3 bedroom apartments at this location Conclusion: Concord's Lakeside Apartments provides an affordable housing option through LIHTC support. Considering the limitations imposed by the AMI, it is crucial to investigate current rental rates and understand the eligibility criteria before making a decision. Don't forget to reach out directly to the management for any inquiries or to apply for residency.