Banyan Grove Stock Island

About This Building

Affordable Housing at Banyan Grove Stock Island Location and Overview - Banyan Grove Stock Island is a Low-Income Housing Tax Credit apartment situated in Stock Island, FL. - This rental apartment complex offers an affordable housing option for those in need. - Supported by the LIHTC program, the apartments have rent and income restrictions applicable. Affordable Housing Initiatives - The LIHTC program incentivizes builders and developers to provide affordable housing to low-income individuals. - The maximum rent is determined based on the Area Median Income (AMI). - However, the AMI may still make this apartment unaffordable for some low-income individuals. - Check the current rental rates to determine affordability for your specific situation. Availability and Waitlists - Banyan Grove Stock Island comprises 48 low-income apartments. - Due to high demand, most apartments nowadays have waiting lists. - This listing provides direct contact information for you to inquire about applications and qualifications. Guidelines and Additional Information - Familiarize yourself with LIHTC (Low Income Tax Credit) units available for rent. - When applying, it is crucial to include and verify the income of all adult residents. - For further details, call the provided contact number. Considerations: Is Banyan Grove Stock Island right for you? - Evaluate if this affordable housing option meets your needs and financial capabilities. - Ensure to assess your eligibility based on income restrictions and other criteria. - Contact Banyan Grove Stock Island directly to discuss your situation and potential application.