South Place Luverne

About This Building

Affordable Housing Option in Luverne, AL The South Place Luverne: Low-Income Housing Tax Credit Apartment Introduction: If you are seeking affordable housing in Luverne, AL, the South Place Luverne provides a Low-Income Housing Tax Credit (LIHTC) apartment option. These rental apartments are supported by the LIHTC program, which offers rent and income restrictions to ensure affordability for eligible individuals. Incentives for Affordable Housing: The LIHTC program encourages builders and developers to construct affordable housing for low-income individuals. By participating in this program, the South Place Luverne offers affordable rental rates based on the Area Median Income (AMI). Consideration for Low-Income Applicants: However, it is important to note that the maximum rent charged at this apartment complex is determined by the AMI. As a result, the South Place Luverne may still be unaffordable for some low-income individuals. To determine affordability, please check the current rental rates for this apartment. Availability and Waiting Lists: The South Place Luverne consists of 32 low-income apartments. Due to high demand, there may be waiting lists for these units. We provide this listing to allow direct contact with the management for inquiries regarding application and qualification to reside here. Important Information: TIP: Familiarize Yourself with LIHTC (Low Income Tax Credit) Units for Rent It is essential to consider the income of all adults who will be residing at this apartment during the application process. Income verification is required. For more information, please call for additional details. Conclusion: Finding affordable housing is a crucial issue for many individuals. The South Place Luverne offers an opportunity through the LIHTC program to provide affordable housing to low-income persons in Luverne, AL. Contact the apartment management directly to inquire about availability and eligibility.