Chestnut Trace, Phase Ii Tuscaloosa

About This Building

Title: Affordable Housing Option in Chestnut Trace, Phase II Tuscaloosa, AL Heading 1: Introduction Discover an affordable housing opportunity at Chestnut Trace, Phase II Tuscaloosa, Alabama. Heading 2: Low-Income Housing Tax Credit (LIHTC) Support Benefit from LIHTC's incentives for builders and developers to provide affordable housing options for low-income individuals. Heading 3: Rental Rates and Income Restrictions Ensure suitability based on program rent and income restrictions, as the maximum rent is determined by the Area Median Income (AMI). Heading 4: Considerations for Low Income Individuals Take into account that the AMI factor may render this apartment unaffordable to low-income individuals. Check current rental rates for affordability. Heading 5: Extensive Availability Discover 116 low-income apartments available at this location, although waiting lists are common. Heading 6: Applying and Qualifying Contact the provided number to directly inquire about application and qualification requirements. Heading 7: Understanding LIHTC Units Gain insights into Renting Low-Income Tax Credit (LIHTC) units for comprehensive knowledge. Heading 8: Income Verification Ensure that income from all expected adult residents is included and verified during the application process. Contact for more information.