Cornerstone I Cleveland

About This Building

Affordable Housing Option in Cleveland, Ohio - Introducing Cornerstone: A Low-Income Housing Tax Credit Apartment In Cleveland, Ohio, you can find Cornerstone, a low-income housing option supported by the LIHTC program. These rental apartments offer affordability and are subject to program rent and income restrictions. The LIHTC program aims to incentivize builders and developers to provide housing for individuals with low incomes, ensuring that everyone has access to a home. Considerations for Affordability - Rent Based on Area Median Income (AMI) To determine affordability, the maximum rent charged at Cornerstone is based on the Area Median Income (AMI). However, please note that this apartment may still be unaffordable for low-income individuals due to the AMI. It is advisable to check the current rental rates to assess affordability for yourself. Opportunities Await - 30 Low Income Apartments Available Conveniently located, Cornerstone offers 30 low-income apartments. As demand for affordable housing is high, it's common for apartments to have waiting lists. To explore the possibility of living in these apartments, we provide the contact information below. Reach out to them directly to inquire about the application process and check if you qualify. Important Details - LIHTC Units for Rent: Understanding the Low Income Tax Credit When applying to live at Cornerstone, it is crucial to include and verify the income of all the adults expected to reside in the apartment. This information is necessary to determine eligibility. For more details and specific requirements, we recommend contacting Cornerstone directly. To learn more about this affordable housing option, please call the provided number.