Cornerstone Apartments Alex City

About This Building

About Cornerstone Apartments Alex City Location Cornerstone Apartments Alex City is a low-income housing tax credit apartment situated in Alex City, AL. It is conveniently located for residents seeking affordable housing in this area. Leasing Information To inquire about leasing options, kindly contact us at (256) 234-2900. We will be happy to provide you with detailed information about the application process. Affordable Housing Option We understand the importance of affordable housing, which is why our rental apartments are supported by the LIHTC (Low-Income Housing Tax Credit) program. This program aims to assist low-income individuals by offering rental units at affordable rates based on income and other restrictions. Incentives for Affordable Housing The LIHTC program encourages builders and developers to create housing options for those with limited financial resources. By participating in this program, we ensure that our units remain affordable for low-income individuals in the community. Rent Limitations Based on AMI To maintain affordability, the maximum rent charged for our apartments is determined by the Area Median Income (AMI). However, it's important to note that some individuals with lower incomes may still find these units unaffordable. We recommend checking our current rental rates to determine if they fit within your budget. 56 Low Income Apartments At Cornerstone Apartments Alex City, we offer a total of 56 low-income apartments. Due to the high demand for affordable housing, there may currently be a waiting list. However, we encourage you to contact us directly at the provided number to inquire about availability and to submit an application, as opportunities may arise. Understanding the LIHTC Program If you are unfamiliar with the LIHTC (Low-Income Housing Tax Credit) program, it is designed to provide tax credits to developers and builders who construct and maintain affordable housing options for low-income individuals. These credits help reduce the cost of developing and operating such properties. Income Verification When applying for residency at our apartment complex, it is necessary to include and verify the income of all adults who are expected to live in the apartment. This is a standard requirement to ensure fairness and meet the guidelines of the program. Get in Touch For further details or any inquiries, please do not hesitate to call us. Our friendly staff will be glad to assist you in any way possible.