Stoddard Block Columbus

About This Building

Affordable Housing Option in Stoddard Block Columbus, OH Overview: Stoddard Block Columbus offers Low-Income Housing Tax Credit (LIHTC) apartments, providing an affordable housing option for those in need. Supported by the LIHTC with applicable rental and income restrictions, these apartments aim to assist low-income individuals and families. AMI and Rent: The LIHTC program offers incentives to builders and developers to create affordable housing for low-income residents. The maximum rent is determined based on the Area Median Income (AMI). However, please note that this AMI calculation may still make the apartment unaffordable for some low-income individuals. We recommend checking the current rental rates to assess affordability for yourself. Number of Apartments: Stoddard Block Columbus features 50 low-income apartments. Due to the high demand, waiting lists for these apartments are quite common. Application Process: To determine eligibility and apply for residency, we provide direct contact information. Give them a call to inquire about the application process and qualifications. Remember that income verification is required for all adults who intend to reside in the apartment. Additional details can be obtained through direct communication. Understanding LIHTC and Its Benefits: For those seeking affordable housing, it is essential to familiarize yourself with the Low-Income Housing Tax Credit (LIHTC) program. LIHTC incentivizes the development of housing options for individuals with low incomes. By encouraging builders and developers to participate, LIHTC plays a crucial role in expanding affordable housing opportunities. For more information, feel free to reach out and inquire.