Raintree Apartments LTD

About This Building

Affordable Housing Option in Rainsville, AL - Raintree Apartments Providing Low-Income Tax Credit Units for Rent Explore the Benefits of LIHTC Program Introduction: Welcome to Raintree Apartments, a low-income housing community situated in Rainsville, AL. If you are seeking affordable housing, our rental apartments are backed by the Low-Income Housing Tax Credit (LIHTC) program, ensuring suitable rent and income limitations. LIHTC Incentives: The LIHTC program offers incentives to builders and developers to create affordable housing options for individuals with low incomes. It encourages the provision of homes that are financially accessible to those in need. Consequently, the maximum rent is determined based on the Area Median Income (AMI) to support fairness. Considerations for Affordability: Although Raintree Apartments strive to offer affordable living arrangements, the rent may still pose challenges for individuals with low incomes due to the AMI calculations. We suggest checking the current rental rates to assess affordability based on your specific circumstances. Low-Income Apartments: At Raintree Apartments, we proudly offer 24 low-income apartments that cater to individuals in need of affordable housing solutions. Please note that demand may be high, and waiting lists are common for most apartment complexes. Application and Qualification: We provide this listing so you can directly contact Raintree Apartments and inquire about the application process. Our staff will guide you through the qualification criteria and help determine if you meet the necessary requirements. Please ensure the income of all adult occupants is included and verified during the application process. Contact Information: For detailed information and inquiries, reach out to Raintree Apartments directly. Call our dedicated helpline to obtain additional details and further assistance. Knowledge about LIHTC: Understanding the Low-Income Tax Credit (LIHTC) program is essential when seeking affordable rental units. We encourage you to stay informed and educated about LIHTC benefits and eligibility criteria. Conclusion: At Raintree Apartments, we are committed to providing affordable housing options in Rainsville, AL. Contact our team today to learn more about our community and determine if you qualify to live in our low-income apartments. Invest in the comfort and security of an affordable home through LIHTC.