Meadow Oaks Apartments Rainbow City

About This Building

Affordable Housing Option at Meadow Oaks Apartments in Rainbow City, AL Introduction: Meadow Oaks Apartments Rainbow City is a Low-Income Housing Tax Credit apartment situated in the vibrant city of Rainbow City, AL. If you are searching for a cost-effective housing solution, these rental apartments are backed by the LIHTC and feature program rent and income restrictions. LIHTC Benefits: The LIHTC program offers compelling incentives to builders and developers, encouraging the provision of affordable housing for low-income individuals. In line with the Area Median Income (AMI), the maximum rent charged is determined. However, it is important to note that this AMI may render the apartment unaffordable for some low-income individuals. We advise checking the current rental rates to determine affordability for your specific situation. Number of Apartments: Located within this community are a total of 56 low-income apartments. Given the high demand these days, most apartments tend to have waiting lists. To explore the option of applying and qualifying for residency, we provide their contact information below. Contact Information: To gain further details about the application process, residents' income verification requirements, and other relevant information, reach out to Meadow Oaks Apartments Rainbow City directly. They can be contacted at [phone number/ email address]. Understanding LIHTC Units: It is crucial to understand that the income of all adults expected to reside in this apartment must be included and verified during the application process. For comprehensive information, don't hesitate to call and inquire. Conclusion: Considering the benefits and restrictions associated with Low-Income Housing Tax Credit apartments, Meadow Oaks Apartments Rainbow City presents an affordable housing option for low-income individuals and families. Get in touch today to explore the possibility of living in this community.