Tuxedo Terrace, Phase I Birmingham

About This Building

Title: Affordable Housing Option in Tuxedo Terrace, Phase I Birmingham, AL Heading 1: Overview of Tuxedo Terrace, Phase I Birmingham Tuxedo Terrace, Phase I Birmingham presents a compelling option for those seeking affordable housing in the vibrant city of Birmingham, AL. These Low-Income Housing Tax Credit (LIHTC) apartments are specifically designed to meet the needs of low income individuals and families. Heading 2: Benefits of LIHTC Supporting the mission of providing affordable housing to low income persons, the LIHTC offers lucrative incentives to builders and developers. By availing this program, Tuxedo Terrace aims to bridge the gap in affordable housing and ensure people with limited income can access suitable accommodation. Heading 3: Determining Rent Based on AMI To maintain fairness, the maximum rent charged at Tuxedo Terrace is determined based on the Area Median Income (AMI). While this ensures affordable rates for most tenants, it is important to note that certain individuals with lower incomes may still find the apartments unaffordable due to the AMI calculation. Heading 4: Checking Rental Rates for Affordability We strongly recommend potential residents to review the current rental rates to determine if they align with their affordability goals. This proactive measure will help prospective tenants assess whether Tuxedo Terrace is a suitable housing option based on their income level. Heading 5: Availability of Low Income Apartments With a total of 112 low income apartments available, Tuxedo Terrace provides a sizeable opportunity for individuals and families in need. However, please be aware that a majority of apartments in today's market have waiting lists. We encourage you to directly contact Tuxedo Terrace at the provided number to inquire about availability and eligibility. Heading 6: Property Ownership and Contact Information Tuxedo Terrace is proudly owned by the HOUSING AUTHORITY OF THE BIRMINGHAM DISTRICT, situated in Birmingham, AL, with a zip code of 35203-4301. For further information and to explore the application process, please reach out to them directly. Heading 7: Income Verification and Application Process It is essential to include and verify the income of all adult residents who are expected to reside at Tuxedo Terrace during the application process. For more details on the necessary documentation and requirements, kindly contact the management. Note: Understanding Low-Income Tax Credit (LIHTC) Units for Rent Familiarizing yourself with the concept of LIHTC units for rent can provide valuable insight into the affordability and eligibility criteria at Tuxedo Terrace. Please call for additional information on this subject to make informed decisions.