Lexington Place Apartments Lexington

About This Building

Affordable Housing Option in Lexington Place Apartments, Lexington, IL Overview: Lexington Place Apartments is a Low-Income Housing Tax Credit (LIHTC) apartment complex situated in Lexington, IL. If you are searching for a cost-effective housing solution, these rental apartments are supported by LIHTC, which includes rent and income restrictions as part of the program. The LIHTC Program: The LIHTC program offers incentives to builders and developers to create affordable housing for individuals with low income. The maximum rent for these apartments is determined based on the Area Median Income (AMI), which may still pose affordability challenges for low-income individuals. To assess affordability, it is advised to check the current rental rates. Apartment Features: Situated in this apartment complex are 12 low-income units. Given the high demand for housing, it is common for apartments to have waiting lists. To determine eligibility and apply for residency, you can directly contact the management at the provided phone number. Tips for Understanding LIHTC: When considering renting LIHTC units, it is important to note that all adults residing in the apartment must include and verify their income during the application process. For more detailed information, kindly call for further assistance. Available Units: The apartment complex offers 2-bedroom apartments. Don't miss out on this affordable housing opportunity at Lexington Place Apartments!