Cedar Street Apartments Phase Ii Akron

About This Building

Affordable Housing Option in Akron, OH - Cedar Street Apartments Phase II Akron - Providing Low-Income Housing Tax Credit Apartments - AMI-Based Rent Restrictions Apply - 62 Low Income Apartments Available Overview: Cedar Street Apartments Phase II Akron offers an attractive housing opportunity in Akron, OH, specifically designed to cater to low-income individuals and families. Supported by the Low-Income Housing Tax Credit (LIHTC) program, these rental apartments aim to provide affordable housing options. Rent and Income Restrictions: Under the LIHTC program, builders and developers are incentivized to offer reasonably priced accommodation to those with limited financial resources. The maximum rental charge is determined based on the Area Median Income (AMI). However, it is important to note that the AMI classification may still render this apartment unaffordable for some low-income individuals. Therefore, it is recommended to check the current rental rates to assess affordability. Apartment Availability: Cedar Street Apartments Phase II Akron comprises 62 low-income apartments located in a convenient neighborhood. Due to high demand, waiting lists are typically in place. To explore the possibility of applying and qualifying for residency, we provide the contact information below. Contact Information: To obtain more details regarding the application process, income verification, and eligibility criteria, please reach out to the designated contact number. TIP: Low Income Tax Credit (LIHTC) Units for Rent When considering an application, it is crucial to include and verify the income of all adults expected to reside at the apartment. Ensure to call for comprehensive information. By restructuring the text, the rewritten version introduces a clear overview, highlights key points with headings, and presents the information in a more organized and concise manner.