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Affordable housing option in Revere, MA supported by LIHTC - Prospect House, a Low-Income Housing Tax Credit apartment, is conveniently situated in Revere, MA, offering affordable housing for those in need. - LIHTC program rent and income restrictions apply, ensuring the availability of rental apartments at affordable prices. - Builders and developers are incentivized through LIHTC to provide housing for low-income individuals, setting the maximum rent based on the Area Median Income (AMI). - However, due to the AMI, this apartment might still be unaffordable for some low-income persons. Thus, it is vital to review current rental rates to determine affordability. - Prospect House features 78 one and two bedroom apartments, catering to the housing needs of low-income individuals. - Given the high demand, most apartments have waiting lists. Contact them directly using the provided number to apply and verify eligibility.
420 Reservoir Avenue, Revere, MA 02151
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