Olympia Gardens Huntsville

About This Building

Affordable Housing Option in Olympia Gardens Huntsville Introduction: Olympia Gardens Huntsville, located in Huntsville, AL, offers Low-Income Housing Tax Credit apartments. These rental apartments provide an affordable housing option for individuals with income restrictions. LIHTC Program Incentives: The LIHTC program encourages builders and developers to supply affordable housing for low-income individuals. By participating in this program, builders receive incentives to ensure maximum rent is based on the AMI (Area Median Income). AMI Restrictions: However, it is important to note that the AMI can sometimes make this apartment unaffordable for low-income individuals. The current rental rates should be checked to determine affordability. Number of Low-Income Apartments: Olympia Gardens Huntsville offers a total of 40 low-income apartments, but it's crucial to be aware that there might be waiting lists due to high demand. Applying for Olympia Gardens Huntsville: If you are interested in residing in Olympia Gardens Huntsville, we recommend reaching out to them directly using the provided contact number. This will allow you to inquire about the application process and determine if you qualify for residency. Key Point: Low Income Tax Credit Units: When applying for this apartment, it is essential to include and verify the income of all adults who will reside there. This ensures compliance with the LIHTC program requirements. For additional information, please contact Olympia Gardens Huntsville directly. Conclusion: Olympia Gardens Huntsville provides an attractive affordable housing option for those looking for low-income apartments. Despite potential AMI restrictions, reaching out to them directly will offer a chance to apply and determine eligibility.