Drexel Court Apartments

About This Building

Affordable Housing Options at Drexel Court Apartments Introduction: Drexel Court Apartments offer affordable housing options for individuals and families with low incomes through a program called Section 42. This program provides tax credits to landlords who rent to low-income tenants, allowing them to set rents based on the average income and utility costs in the area. A significant portion of these apartments is designated for eligible tenants with reduced rates. Benefits of Section 42 Program: The Section 42 program at Drexel Court Apartments aims to assist individuals with moderate incomes in finding affordable housing. While the rents are lower than market rates, tenants are responsible for paying the full rent themselves. It's important to note that this program is not solely based on individual income, but rather on the income limit set for the specific area. To be eligible for the program, your household income must be below this limit. Important Considerations: 1. Waiting Lists: Due to high demand, most low-income apartments have waiting lists. It is common for these lists to take years before individuals can be called for available openings. To improve your chances, we recommend getting on as many waiting lists as possible. 2. Contacting Apartments Directly: We provide phone numbers and websites for your convenience. If an apartment complex has current openings or open waiting lists, it is advisable to directly contact them for further information. 3. Apartment Rates: While we provide current apartment rates on many listings pages, it's important to note that most HUD listings do not have published rates. Instead, the rent is determined based on 30% of the renter's adjustable gross income. To ascertain your eligibility for income-based rent, we suggest reaching out to the respective apartments directly. Conclusion: Drexel Court Apartments, through the Section 42 program, stands as an affordable housing option for individuals and families with low incomes. By understanding the program's key aspects, such as waiting lists and income-based rent, applicants can better navigate the process of securing affordable housing. Don't hesitate to contact the apartments directly for more information and availability.