Greystone Rainbow City

About This Building

Heading 1: Affordable Housing Option in Rainbow City, AL Heading 2: Low-Income Housing Tax Credit Apartments Available Heading 3: Considerations and Rental Rates for Low-Income Individuals Greystone Rainbow City: An Affordable Housing Option in Alabama Welcome to Greystone Rainbow City, a Low-Income Housing Tax Credit (LIHTC) apartment complex situated in the charming town of Rainbow City, AL. If you're searching for an affordable place to call home, these rental apartments are supported by the LIHTC program, which includes rent and income restrictions tailored to accommodate low-income individuals. Incentivizing Affordable Housing for Low-Income Persons The LIHTC program aims to incentivize builders and developers to provide housing options suitable for low-income individuals. The maximum rent charged for these apartments is determined by the Area Median Income (AMI). However, it's important to note that the AMI-based rent may still be unaffordable for some low-income persons. We encourage you to check the current rental rates to determine whether this housing option fits your budget and needs. Explore Greystone Rainbow City With a total of 36 low-income apartments available, Greystone Rainbow City offers a limited number of units. As the demand for affordable housing often leads to waiting lists, we recommend reaching out to us directly at the provided contact number for information on availability and eligibility. The apartment complex is owned by WILSHIRE PARK LTD, located in RAINSVILLE, AL, 35986-6413. Important Considerations for Application When applying for residency at Greystone Rainbow City, it is vital to include and verify the income of all adults expected to reside in the apartment. This information is crucial for assessing eligibility. For more details on the application process and requirements, feel free to contact us. We hope this information helps you in your search for affordable housing. If you have any further inquiries, please do not hesitate to reach out.