Edison Place Niles

About This Building

Edison Place Niles: Affordable Apartments with LIHTC Program Support 1. Introduction: Edison Place Niles offers Low-Income Housing Tax Credit (LIHTC) apartments in Niles, OH, providing an affordable housing option for those in need. 2. LIHTC Benefits: Supported by LIHTC, these rental apartments come with program rent and income restrictions. The LIHTC program incentivizes builders and developers to create low-income housing for individuals with limited financial resources. 3. Rent Structure: The maximum rent charged for Edison Place apartments is determined by the Area Median Income (AMI), ensuring affordability for eligible individuals. However, the AMI may still pose a challenge for some low-income applicants. 4. Checking Affordability: Prospective tenants are encouraged to check the current rental rates to determine if Edison Place meets their affordability needs. It is important to find a suitable housing option that aligns with your budget. 5. Availability and Waiting List: Edison Place offers 50 low-income apartments, but due to high demand, most apartments have waiting lists. Contact information is provided so that you can directly inquire about eligibility and application status. 6. Important Reminder: When applying for an apartment at Edison Place, it is essential to include and verify the income of all adult residents. Call for detailed information about the application process.