Village Green Apartments (lexington) Lexington

About This Building

Affordable Housing Option in Lexington, OH: Village Green Apartments _________________________________________________________ Introduction: Village Green Apartments, situated in Lexington, Ohio, offer a Low-Income Housing Tax Credit (LIHTC) program for individuals seeking affordable housing. These rental apartments are designed to cater to low-income persons with specific rent and income restrictions in place. The Purpose of LIHTC: The LIHTC program incentivizes builders and developers to create and maintain affordable housing options for those with low incomes. By doing so, it ensures a maximum rent amount based on the Area Median Income (AMI), making housing more accessible to low-income individuals. Consideration of AMI: It is important to note that the rent at Village Green Apartments may still be unaffordable for some low-income individuals due to the AMI calculation. Be sure to check the current rental rates to determine if this housing option fits your budget. The Availability of Low-Income Apartments: Village Green Apartments provides 32 low-income apartments within its community. However, like many affordable housing options, there may be a waiting list. We provide their contact information below so you can directly inquire about availability and the application process. Contact and Application Details: To apply for residency at Village Green Apartments, it is essential to include and verify the income of all adults expected to reside in the apartment. For further information and specific eligibility criteria, please contact them directly. Conclusion: Village Green Apartments in Lexington, OH, offer an affordable option for those seeking low-income housing. With the LIHTC program in place, individuals may find this an ideal opportunity to secure suitable and accessible accommodation.