Kestrel Woods Townhomes

About This Building

Title: Kestrel Woods Townhomes: Affordable Housing Option Supported by LIHTC Introduction: Kestrel Woods Townhomes offer a low-income housing option through the Low-Income Housing Tax Credit (LIHTC) program. Located in Buffalo, MN, these rental apartments are designed to meet the housing needs of individuals seeking affordability. Incentives for Affordable Housing: The LIHTC program provides incentives to builders and developers to create housing options that are accessible to low-income individuals. This initiative aims to bridge the gap between income and rental costs, ensuring affordability for those in need. Rental Restrictions: To qualify for these apartments, applicants must meet the program's rent and income restrictions. The maximum rent is determined based on the Area Median Income (AMI), which may still pose challenges for some low-income individuals. Therefore, it is essential to review the current rental rates to determine affordability. Apartment Details: Kestrel Woods Townhomes consist of 30 low-income three and four bedroom apartments. With a focus on providing spacious accommodation options, these townhomes aim to cater to the needs of families and individuals alike. Application and Qualification: Given the demand for affordable housing, it is common for apartments to have waiting lists. To apply and determine qualification for Kestrel Woods Townhomes, please contact the provided number directly. The staff will guide you through the application process and assist in assessing your eligibility for residency. Conclusion: Kestrel Woods Townhomes offer an affordable housing solution through the LIHTC program in Buffalo, MN. By understanding the rental rates, income restrictions, and application process, individuals can determine whether these townhomes align with their affordability needs.