Broadway Square - MN

About This Building

Affordable Housing Option in Monticello, MN Broadway Square: A Low-Income Housing Tax Credit Apartment Are you in search of affordable housing in Monticello, MN? Look no further than Broadway Square, a low-income housing tax credit apartment. These rental apartments are fully supported by the LIHTC program, offering applicable rental rates and income restrictions. Incentivizing Builders and Developers The LIHTC program plays a crucial role in providing affordable housing to low-income individuals. It encourages builders and developers to construct housing units for those with limited financial resources. As a result, the maximum rent charged is based on the Area Median Income (AMI) of the region. Considerations for Low-Income Individuals Despite the LIHTC program's efforts, it is important to note that the AMI-based rent structure may still prove unaffordable for some low-income individuals. To determine if this apartment fits your budget, we recommend checking the current rental rates. One and Two Bedroom Apartments Broadway Square offers 28 one and two bedroom apartments for low-income individuals. These apartments provide a range of housing options to accommodate different household sizes and needs. Contact Information and Application Process Due to high demand, most apartments have waiting lists. However, we offer the contact information for Broadway Square, so you can reach out and inquire about potential applications and qualifications directly. Don't miss this opportunity to secure affordable housing! Please note: The content has been rephrased to ensure originality while conveying the same information.