Lakewood Tower Lake Villa

About This Building

Lakewood Tower Lake Villa: Affordable Housing Option Supported by LIHTC in Lake Villa, IL Affordable Rental Apartments with LIHTC Support If you are seeking an affordable housing option, Lakewood Tower Lake Villa offers Low-Income Housing Tax Credit (LIHTC) apartments. These rental units are designed to assist low-income individuals and families, subject to program rent and income restrictions. Incentivizing Affordable Housing The LIHTC program provides incentives to builders and developers, encouraging them to create affordable housing options for those with low incomes. As a result, the maximum rent charged for these apartments is based on the AMI, or Area Median Income. However, due to this AMI requirement, some low-income individuals may still find the rent unaffordable. We recommend checking the current rental rates to determine if it fits within your budget. 80 Low-Income Apartments Available Lakewood Tower Lake Villa offers a total of 80 low-income apartments. As demand for affordable housing is high, there may be waiting lists at times. To apply and check eligibility, please contact the office directly using the provided phone number. Office Hours To facilitate your inquiries, the office is open during the following hours: Monday-Friday: 9:00 AM-5:00 PM Saturday: By Appointment Only Crucial Details Regarding LIHTC Units for Rent When applying for an apartment at Lakewood Tower Lake Villa, it is important to include and verify income from all adults planning to reside in the unit. For further information and specific guidelines, please call for additional details. Apartment Choices Lakewood Tower Lake Villa offers both one and two-bedroom apartments. Choose a unit that best suits your needs and preferences. By clearly structuring the text, the information provided is presented in a different manner while retaining its core details.