Minot Artspace Lofts

About This Building

Affordable Housing Option in Minot, ND: Minot Artspace Lofts Income-Based Apartments Supported by LIHTC Located in Minot, ND, Minot Artspace Lofts offers affordable housing options through the Low-Income Housing Tax Credit (LIHTC) program. These rental apartments are supported by LIHTC, which sets rent and income restrictions based on the applicable program. Incentivizing Affordable Housing for Low-Income Individuals The LIHTC program aims to provide affordable housing options to low-income individuals by offering incentives to builders and developers. However, it's essential to note that the maximum rent charged at Minot Artspace Lofts is based on the Area Median Income (AMI). As a result, this apartment may still be unaffordable for some low-income persons, depending on the AMI. Determining Affordability: Check Rental Rates To gauge affordability, it is recommended to check the current rental rates at Minot Artspace Lofts. This will help you determine if this option aligns with your budget. With 32 low-income one, two, and three-bedroom apartments available, it is crucial to note that most apartments have waiting lists. Contact Minot Artspace Lofts for Application and Qualification To apply and find out if you qualify for residency at Minot Artspace Lofts, you can directly contact them using the provided contact number. We provide this listing to assist you in exploring affordable housing options in Minot, ND.