Vanderbilt Apartments

About This Building

Vanderbilt Apartments: Affordable Housing Option in Asheville, NC Introduction: Vanderbilt Apartments in Asheville, NC is a low-income housing tax credit apartment complex that offers affordable housing options. Supported by the LIHTC program, these rental apartments cater to individuals with specific income restrictions. The LIHTC Program: The LIHTC program encourages builders and developers to provide affordable housing for low-income individuals. By doing so, they receive incentives that facilitate the provision of affordable rental units. The maximum rent charged is determined based on the Area Median Income (AMI), which may make this apartment complex unaffordable for some low-income individuals. Rental Rates: Before considering Vanderbilt Apartments, it is important to review the current rental rates to determine affordability. Please note that the AMI may impact the affordability for low-income individuals. Apartment Features: Vanderbilt Apartments consists of 118 one-bedroom units specially designed for low-income individuals. However, due to high demand, waiting lists for these apartments are common. To determine your eligibility and apply for residency, we encourage you to contact us directly using the provided phone number. HUD Subsidies: This apartment complex is eligible to accept HUD subsidies, providing additional assistance to qualified individuals. If you meet the requirements for low-income housing and there are available units, the rent will be calculated based on 30% of your Adjusted Gross Income. Please reach out to us for further details regarding this program. Conclusion: Vanderbilt Apartments is a low-income housing tax credit apartment complex located in Asheville, NC. With affordable housing options and HUD subsidies available, it aims to cater to the needs of low-income individuals. Please contact us for more information on eligibility and availability of units.