Sheraton Towers

About This Building

Affordable Housing Option at Sheraton Towers Apartments in High Point, NC - LIHTC Supported Rental Apartments - If you are in search of an affordable housing solution, Sheraton Towers Apartments might be the perfect fit for you. Located in High Point, NC, these apartments benefit from the Low-Income Housing Tax Credit program (LIHTC), which ensures that they are accessible to low-income individuals and families. The program imposes rent and income restrictions to ensure affordability. - Incentivizing Affordable Housing - The LIHTC program provides incentives to builders and developers to create housing options that are within the financial reach of individuals with low incomes. The maximum rent charged in these apartments is determined by the Area Median Income (AMI). However, it is important to note that the AMI might still make this apartment unaffordable for some low-income individuals. - Checking Affordability - To evaluate if Sheraton Towers Apartments are affordable for you, we recommend checking the current rental rates. Keep in mind that this building offers 97 one-bedroom low-income apartments, which are in high demand and commonly have waiting lists. Therefore, it is advised to contact them directly using the provided number to inquire if you can apply and qualify for residence. - HUD Subsidies Accepted - Sheraton Towers Apartments also accept HUD subsidies. If you qualify for low-income housing and there are available units, your rent payment will be based on 30% of your Adjusted Gross Income. For more detailed information, feel free to call and inquire about this option. - Available Apartment Sizes - At Sheraton Towers Apartments, you can find both one and two-bedroom units. The availability of these different-sized apartments may vary, so it is recommended to inquire about their current availability when contacting the property. Remember, affordable housing can be within your reach at Sheraton Towers Apartments. Call now to gather more details and see if this community suits your needs.