Great Oak Apartments - IN

About This Building

Title: Great Oak Apartments - Affordable Housing Option in Monticello, IN Heading 1: Overview Great Oak Apartments offer a low-income housing tax credit (LIHTC) apartment option for individuals seeking affordable housing in Monticello, IN. Supported by LIHTC, these rental apartments have program rent and income restrictions in place to ensure affordability for eligible applicants. Heading 2: Affordable Housing Incentives The LIHTC program provides incentives to builders and developers to create housing options that cater to low-income individuals. By offering these incentives, the program aims to address the housing needs of the community by making affordable housing more accessible. Heading 3: Rent and Income Restrictions Under LIHTC, the maximum rent charged for Great Oak Apartments is determined based on the Area Median Income (AMI). Although this AMI factor may render the apartment unaffordable for some low-income individuals, it is essential to review the current rental rates to assess affordability. Heading 4: Apartment Details Great Oak Apartments feature one and two-bedroom units, ensuring options for different household sizes. The complex facilitates ease of communication and assistance by providing office hours on Mondays, Wednesdays, and Fridays from 8 am to 4 pm. Heading 5: Application Process Given the high demand for affordable housing, many apartments maintain waiting lists. To inquire about eligibility and apply for residency, it is advisable to contact Great Oak Apartments directly using the provided phone number. Note: The rewritten text maintains the essence of the original information but presents it in a different structure and wording.