Park Place Apartments

About This Building

Affordable Housing Option in Lynwood, CA: Park Place Apartments - Introduction: Park Place Apartments is a low-income housing tax credit apartment complex conveniently situated in Lynwood, CA. If you are in search of an affordable housing option, these rental apartments are supported by the LIHTC and feature rent and income restrictions that are applicable to the program. - LIHTC: Encouraging Affordable Housing: The LIHTC program provides builders and developers with incentives to offer affordable housing options to individuals with low incomes. As a result, the maximum rent charged is determined based on the Area Median Income (AMI). - Abundance of Low-Income Apartments: At Park Place Apartments, you will find a total of 98 apartments designed specifically for low-income residents. These units are distributed as follows based on the AMI: 10 units at 30% AMI, 31 units at 40% AMI, 33 units at 45% AMI, and 24 units at 50% AMI. This variety of options allows for flexibility based on individual circumstances. - Checking Availability and Eligibility: Given the high demand for apartments nowadays, it is not uncommon for waiting lists to be in place. To determine if you are eligible and to inquire about available units, we recommend contacting Park Place Apartments directly using the provided contact number. Familiarizing yourself with the LIHTC (Low Income Tax Credit) units for rent can also be beneficial in this process. - Application Requirements: To successfully apply for residency at Park Place Apartments, it is necessary to include and verify the income of all adults who are expected to live in the apartment. For more detailed information regarding the application process and requirements, feel free to call and inquire. - Variety of Apartment Sizes: Park Place Apartments offers a range of apartment sizes to cater to different needs. Whether you are looking for a cozy 1-bedroom unit, a comfortable 2-bedroom apartment, or a spacious 3-bedroom dwelling, you can find various options to suit your preferences. Feel free to contact Park Place Apartments for further details and embark on your journey towards securing an affordable and comfortable living space in Lynwood, CA.