Marymead Park

About This Building

Affordable Housing Option at Marymead Park in Marysville, CA Overview of the Low-Income Housing Tax Credit Program Marymead Park is an apartment complex in Marysville, CA that participates in the Low-Income Housing Tax Credit (LIHTC) program. This program provides support for affordable housing initiatives, offering incentives to builders and developers to cater to the housing needs of low-income individuals and families. Rent and Income Restrictions The rental apartments at Marymead Park are subject to the applicable program rent and income restrictions set by the LIHTC. These restrictions ensure that the apartments remain affordable for those who qualify. However, it is important to note that the maximum rent charged is based on the Area Median Income (AMI), which may still make the apartments unaffordable for some individuals with low incomes. We recommend checking the current rental rates to determine if it fits within your budget. Number of Apartments Marymead Park features 67 two and three-bedroom apartments specifically designated for low-income individuals and families. These apartments provide an opportunity for affordable housing in the area, which is a valuable resource given the ongoing demand for such units. Waiting Lists and Application Process Please be aware that many apartments have waiting lists, so it is advisable to inquire directly with the management to determine if you are eligible and if there are available units. You can contact Marymead Park at the provided number to get further information and start the application process. HUD Subsidies Accepted Marymead Park accepts Housing and Urban Development (HUD) subsidies for eligible individuals. If you qualify for low-income housing and there are available apartments, rent may be based on 30% of your Adjusted Gross Income. Feel free to reach out for more details on this opportunity. Apartment Details Marymead Park offers both two-bedroom and three-bedroom apartments at its location. The specific details regarding these apartments can be obtained by contacting the management for more information. In conclusion, Marymead Park presents an affordable housing option through the LIHTC program. While there may be limitations based on income and rental rates, it is worth exploring the application process if you are in need of affordable housing in Marysville, CA.