Elmwood Terrace Racine

About This Building

Elmwood Terrace Racine: A Low-Income Housing Tax Credit Option Affordable Housing in Racine, OH Are you in search of an affordable housing option in Racine, OH? Look no further than Elmwood Terrace Racine. These rental apartments are supported by the Low-Income Housing Tax Credit (LIHTC) program, offering rental assistance to individuals who meet the applicable program rent and income restrictions. Incentives for Affordable Housing Builders and developers are encouraged to provide affordable housing options for low-income individuals through the LIHTC program. The maximum rent charged for these apartments is determined based on the Area Median Income (AMI). However, it's important to note that this AMI calculation may still make the apartment unaffordable for low-income individuals. Therefore, we advise checking the current rental rates to determine affordability for you. Limited Availability Elmwood Terrace Racine offers 20 low-income apartments. As demand for affordable housing is often high, it is common for such apartments to have waiting lists. Nevertheless, we provide this listing to facilitate direct contact with the management, allowing you to inquire about the possibility of applying and qualifying for residency. Consider LIHTC Units When exploring rental options, it is essential to familiarize yourself with Low-Income Tax Credit (LIHTC) units. At Elmwood Terrace Racine, it is necessary to include and verify income from all expected adult residents during the application process. For more detailed information on application requirements and eligibility, please contact us directly. Contact Us Today To learn more about the availability and application process at Elmwood Terrace Racine, please call the provided number. Our team is ready to assist you with any inquiries and guide you towards a potential affordable housing solution. Act now and make Elmwood Terrace Racine your next home!