Lorain Green I Lorain

About This Building

Affordable Housing Option in Lorain, Ohio Overview: - Lorain Green, a Low-Income Housing Tax Credit (LIHTC) apartment complex, offers affordable rental apartments in Lorain, OH. - Supported by LIHTC, these apartments have program rent and income restrictions to help low-income individuals find suitable housing. - The LIHTC provides incentives to builders and developers to create affordable homes for low-income persons. - However, the maximum rent charged is determined based on the Area Median Income (AMI), which may still make this apartment unaffordable for some low-income individuals. Apartment Details: - This apartment complex consists of 48 low-income apartments. - Due to high demand, there may be waiting lists for these apartments. - Contact the management directly for information on availability and eligibility. Income Verification: - All adults planning to reside in this apartment must include and verify their income at the time of application. - Call for more details and specific requirements. Considerations: - To determine affordability, it is recommended to check the current rental rates. - Keep in mind that the AMI plays a significant role in determining the rent. - Understanding the Low Income Tax Credit (LIHTC) units for rent can help in making informed decisions. Contact Information: - Call the provided number to directly contact the management and inquire about applying and qualifying to live in Lorain Green.