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Program Type: Section 42 - Income Restrictions Affordable Housing Option: If you are in search of a cost-effective housing solution, these rental apartments receive support from the LIHTC, ensuring that program rent and income restrictions apply. Incentives for Affordable Housing: Builders and developers are encouraged to offer affordable housing to individuals with low income through the LIHTC. The maximum rent charged is determined by the AMI, Area Median Income. However, please note that the AMI may still make this apartment unaffordable for low-income individuals. We recommend checking the current rental rates to ensure affordability. Section 42 Credits: The LIHTC program is often referred to as Section 42 credits since it corresponds to the relevant section of the Internal Revenue Code. Waiting Lists: As is common these days, most apartments have waiting lists. To inquire about the application process and determine if you meet the qualification criteria, please contact the property directly using the provided number. TIP: Understanding LIHTC Units for Rent: When applying, the income of all adults expecting to reside in this apartment must be included and verified. For further details, please call for more information. Services: - Professional Management - Affordable Rents - Inclusive of Heat, Water, Sewer, and Trash - Accessible Unit Available - Playground - Cable Hook-Ups Contact Information: For any inquiries, please reach out to CEPCO Management & Development at the following address: 32 Tenth Ave. S, Suite 109, Hopkins, MN 55343.
303 Gillespie Ave, Pine River, MN 56474
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