Franklin South - VA

About This Building

Affordable Housing in Franklin, VA with Rental Assistance Overview: - Franklin South is a housing option offering Low-Income Housing Tax Credit (LIHTC) apartments in Franklin, VA. - These apartments are designed to be affordable for individuals seeking a cost-effective housing solution. - Supported by the LIHTC program, these apartments have specific rent and income restrictions to accommodate low-income individuals. Incentives for Affordable Living: - The LIHTC program encourages builders and developers to prioritize affordable housing for individuals with low income. - The maximum rent charged for these apartments is determined by the Area Median Income (AMI) of the region. - However, it is essential to note that the AMI-based rent may still be unaffordable for those with extremely low income, so it is advisable to check the current rental rates. Apartment Details: - Franklin South offers a total of 32 one and two bedroom apartments designed specifically for low-income individuals. - As demand for affordable housing is high these days, most apartments usually have waiting lists. Application Process: - If you are interested in applying for a LIHTC apartment at Franklin South and wish to determine your eligibility, you can reach out to them directly using the provided contact number. - They will guide you through the application process and provide information on qualification criteria. By clearly dividing the text into sections and providing informative headings, the rewritten version presents the information in a more organized and structured manner.