Park Lane Apartments East Cleveland

About This Building

Affordable Housing Option at Park Lane Apartments East Cleveland, OH - Low-Income Housing Tax Credit (LIHTC) Supported Rental Apartments - Income and Rent Restrictions Apply Park Lane Apartments East Cleveland is a low-income housing option that benefits from the LIHTC program. This program encourages builders and developers to provide affordable housing options for individuals with low income. The rental rates for these apartments are determined based on the Area Median Income (AMI). However, it is important to note that the AMI calculation may make this apartment unaffordable for some low-income individuals. Therefore, we recommend checking the current rental rates to assess affordability. With a total of 254 low-income apartments available, it's worth mentioning that there might be waiting lists for these units. Nevertheless, we provide the contact information for direct inquiries to help determine eligibility and apply. Key Point: Understanding LIHTC (Low Income Tax Credit) Units for Rent - All adults expected to reside at this apartment must provide income verification at the time of application. For more details, please call the provided contact number. By restructuring the text and adding headings, the information is presented in a more organized and concise manner.