Oak Wood Apartments Lexington

About This Building

Affordable Housing at Oak Wood Apartments in Lexington, OH Introduction: - Oak Wood Apartments is a Low-Income Housing Tax Credit (LIHTC) apartment complex located in Lexington, OH. - If you're seeking an affordable housing option, these rental apartments are supported by the LIHTC program, which enforces rent and income restrictions. Affordability Based on AMI: - The LIHTC program encourages builders and developers to offer affordable housing for low-income individuals. - The maximum rent charged at Oak Wood Apartments is determined by the Area Median Income (AMI). - It's important to note that the AMI-based rent may still be unaffordable for low-income persons, depending on their circumstances. - We recommend checking the current rental rates to assess affordability for you. Number of Low-Income Apartments: - Oak Wood Apartments consists of 53 low-income apartments. - As demand for affordable housing is high, most apartments maintain waiting lists. Application Process: - To explore the possibility of living here, we provide the contact information for Oak Wood Apartments. - Feel free to reach out directly to inquire about applying and determining if you qualify. - It's essential to keep in mind that income verification for all adults planning to reside at the apartment is a requirement during the application process. - For further details, we recommend contacting Oak Wood Apartments for more information. TIP: Understanding LIHTC: - Familiarize yourself with the concept of LIHTC (Low-Income Tax Credit) units available for rent. Conclusion: - Oak Wood Apartments in Lexington offers affordable housing through the LIHTC program. - They provide 53 low-income apartments, but it's advisable to check the current rental rates to assess affordability based on AMI. - Contact Oak Wood Apartments directly for more details and to see if you qualify for housing here.