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Affordable Housing Option in Amherst Village, VA Overview: Amherst Village offers low-income housing options supported by the Low-Income Housing Tax Credit (LIHTC) program. These rental apartments have specific income and rent restrictions to ensure affordability. What is LIHTC? The LIHTC program incentivizes builders and developers to create affordable housing for individuals with low incomes. The maximum rental rate is determined based on the Area Median Income (AMI). Potential Affordability Concerns: Due to the AMI calculation, the rent for this apartment may still be unaffordable for low-income individuals. It is advised to check the current rental rates to determine affordability. Apartment Features: Amherst Village consists of 48 one-bedroom apartments designed for low-income residents. However, please note that most apartments tend to have waiting lists. Applying for Amherst Village: To inquire about availability and eligibility, kindly contact the management directly by using the provided phone number.
119 Newington Dr, Amherst, VA 24521
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