Stoney Ridge Homes Cadiz

About This Building

Stoney Ridge Homes Cadiz: Affordable Housing Option with Income Restrictions Overview: Stoney Ridge Homes Cadiz is a Low-Income Housing Tax Credit (LIHTC) apartment located in Cadiz, OH. These rental apartments offer an affordable housing option, backed by the LIHTC program, which imposes rent and income restrictions. What is LIHTC? The LIHTC program incentivizes builders and developers to provide housing options for low-income individuals. The maximum rent charged is determined based on the Area Median Income (AMI). However, it is important to note that the AMI calculation may render this apartment unaffordable for some low-income individuals. We recommend checking the current rental rates to determine affordability. Apartment Details: Stoney Ridge Homes Cadiz consists of 28 low-income apartments. Given the high demand for such accommodations, most apartments in this category maintain waiting lists. To determine eligibility for residency, we have provided the contact number for direct communication and application inquiries. Key Considerations: 1. Understanding LIHTC: Familiarize yourself with Low-Income Tax Credit units for rent. 2. Income Verification: The income of all adult residents must be included and verified during the application process. For more details, please call the provided contact number. For a detailed overview of Stoney Ridge Homes Cadiz, its application process, and rental rates, please reach out directly.