Southwest Summit Rose - Rosewood Escondido

About This Building

Title: Affordable Housing at Southwest Summit Rose - Rosewood Escondido Heading 1: Overview of Low-Income Housing Tax Credit Apartments Southwest Summit Rose - Rosewood Escondido, situated in Escondido, CA, offers an affordable housing option through the Low-Income Housing Tax Credit (LIHTC) program. These rental apartments are specifically designed to cater to low-income individuals and families, as they follow the program's rent and income restrictions. Heading 2: Promoting Affordable Housing through LIHTC The LIHTC program offers various incentives to builders and developers, encouraging them to create housing options that are financially accessible to low-income individuals. This initiative aims to alleviate the burden of housing costs and provide a suitable living environment for those with limited financial resources. Heading 3: Rent Structure Based on Area Median Income (AMI) To ensure affordability, the maximum rent charged at Southwest Summit Rose - Rosewood Escondido is determined by the Area Median Income (AMI). However, it's important to note that the AMI criteria might make this apartment complex unaffordable for some low-income individuals. Thus, it is recommended to check the current rental rates to determine if it aligns with your affordability. Heading 4: Availability and Application Process Southwest Summit Rose - Rosewood Escondido offers a total of 89 low-income apartments. As demand for affordable housing is high, waiting lists may be applicable. To inquire about availability and initiate the application process, please reach out to the provided contact number. Heading 5: Considerations Regarding LIHTC Units for Rent It is crucial to consider the following factors regarding the rental process: - All adults expected to reside at the apartment must disclose and verify their income during the application. - Additional details regarding eligibility, documentation requirements, and any specific criteria can be obtained by contacting the management. Heading 6: Apartment Options at Southwest Summit Rose - Rosewood Escondido This housing complex offers a range of apartment options to suit different needs: - 1-bedroom apartments are available at this location. - 2-bedroom apartments are also offered for those requiring additional space. By utilizing LIHTC and adhering to income restrictions, Southwest Summit Rose - Rosewood Escondido provides an opportunity for low-income individuals and families to access affordable housing in Escondido, CA.