Wood Springs Apartments Midland City

About This Building

Affordable Housing Option in Midland City, AL: Wood Springs Apartments Midland City - Introduction Experience comfortable living at Wood Springs Apartments Midland City, a Low-Income Housing Tax Credit apartment complex conveniently situated in Midland City, AL. This affordable housing option is supported by the LIHTC program, which aims to provide suitable housing to low-income individuals. - Rent and Income Restrictions These rental apartments are subject to program rent and income restrictions set forth by the LIHTC. Developers and builders are incentivized through this program to offer affordable housing options. The maximum rent charged is determined based on the Area Median Income (AMI). - Affordability Concerns While Wood Springs Apartments Midland City strives to offer affordable housing, it is important to consider the potential limitations posed by the AMI. This may result in the apartments being unaffordable for individuals with low incomes. To assess the affordability, please check the current rental rates. - Abundance of Low-Income Apartments With 56 low-income apartments available at this location, Wood Springs Apartments Midland City contributes significantly to addressing the demand for affordable housing. - Waiting Lists Given the increasing demand for affordable housing, it is common for most apartments to have waiting lists. We have provided their contact information so you can directly inquire about the possibility of applying and qualifying to live here. - Essential Information: LIHTC Units To be eligible for residency, all adults expected to reside at this apartment must have their income included and properly verified during the application process. For more information and detailed requirements, please reach out to the provided contact number.