Trails At Loma Apartments

About This Building

Number of Apartments and Bedroom Types at Trails At Loma Apartments: - Total Apartments: 380 - Low Income Apartments: 379 - One Bedroom (1 bdrm) Apartments: 128 - Two Bedroom (2 bdrm) Apartments: 132 - Three Bedroom (3 bdrm) Apartments: 88 Trails At Loma Apartments: Section 42, LIHTC Program Trails At Loma Apartments offers apartment properties under the Section 42, LIHTC (Low Income Tax Credit) program. The rental rates are determined based on the Area Medium Income (AMI) and tenant-based utility allowances. Among the total apartments, at least 20% are designated for low-income individuals and families. This program caters to people with moderate incomes and provides below-market rents for those who qualify. It is important to note that this is not a subsidized housing program, and all residents are responsible for paying their full rent amount each month. The rental amounts are based on pre-set income limits in the geographical area and not on individual household income. Income Eligibility and Rental Process: To be eligible for these apartments, your total household gross income should be below the pre-set income limit for the area. Income eligibility plays a crucial role in determining if you qualify for the apartment. Please note that most low-income apartments have waiting lists, and the waiting period can be several years. Therefore, it is recommended to apply to as many waiting lists as possible to increase your chances of getting an apartment. The contact information for the apartments is provided, and you are advised to directly contact them to inquire about openings or open waiting lists. The apartment rates vary and can be obtained by contacting the apartments. Additionally, most HUD listings do not have published rates and are determined based on 30% of the renter's adjustable gross income. Therefore, it is essential to reach out to the apartments to determine if you qualify for income-based rent.