Patterson Place Huntsville

About This Building

Affordable Housing Option in Patterson Place Huntsville, AL Introduction: Patterson Place Huntsville offers Low-Income Housing Tax Credit apartments in a convenient location in Huntsville, Alabama. If you are seeking an affordable housing solution, these rental apartments are supported by the LIHTC program, ensuring rent and income restrictions for eligible individuals. LIHTC Incentives: The LIHTC program encourages builders and developers to provide affordable housing options for low-income individuals. This initiative offers incentives to create housing units that cater to the needs of low-income persons. The maximum rent charged for these apartments depends on the Area Median Income (AMI), which may render them unaffordable for some. Checking Rental Rates: Take into account the current rental rates to assess affordability based on your circumstances. The AMI guidelines may impact the affordability of this apartment for low-income individuals. Make sure to check the rental rates to determine if this option fits within your budget. 52 Low-Income Apartments: Patterson Place Huntsville offers a total of 52 low-income apartments. Given the high demand for affordable housing, it is common for these apartments to have waiting lists. However, we provide this listing so you can contact them directly using the provided number to inquire about availability and if you qualify for residency. Important Considerations: 1. LIHTC Units: Take advantage of the Low-Income Tax Credit (LIHTC) program when searching for rental units. These apartments are supported by LIHTC, ensuring affordability for eligible individuals. Be sure to inquire about LIHTC units during your search. 2. Income Verification: When applying for an apartment at Patterson Place Huntsville, you must include and verify income from all adults expected to reside in the unit. Contact the management for more details regarding the required documentation and information. Conclusion: Considering the LIHTC support and the availability of 52 low-income apartments at Patterson Place Huntsville, this affordable housing option can be a viable choice for individuals with limited income. It is recommended to contact the management directly using the provided contact number to gather more information and determine if you meet the qualifications for residency.