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Affordable Housing Option in Milledgeville, IL Introduction Milledgeville offers a Low-Income Housing Tax Credit (LIHTC) apartment as an affordable housing option. These rental apartments are supported by the LIHTC program and have specific rent and income restrictions. LIHTC Incentives The LIHTC program provides incentives to builders and developers to ensure the availability of affordable housing for low-income individuals. The maximum rent charged for these apartments is determined based on the Area Median Income (AMI), which may still not be fully affordable for some low-income individuals. Rental Rates and Affordability To determine if this apartment is affordable for you, it is essential to check the current rental rates. Please be aware that there are 12 low-income apartments available, and waiting lists are common nowadays. Applying for Residency To apply and determine if you qualify to live in these apartments, feel free to contact the management directly at the provided number. Note that all expected residents' incomes must be included and verified during the application process. Apartment Details 1. One-Bedroom Apartments: Available at this location. 2. Two-Bedroom Apartments: Also available at this location. Conclusion If you are seeking an affordable housing option in Milledgeville, IL, the LIHTC apartments provide a potential solution. Remember to consider the AMI and current rental rates before contacting the management to apply for residency.
700 Stover Ave, Milledgeville, IL 61051
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