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Affordable Housing in Blackshear, GA: Village at Blackshear Apartments Introduction Village at Blackshear Apartments, situated in Blackshear, GA, offers a Low-Income Housing Tax Credit (LIHTC) program for individuals seeking affordable housing options. Supported by LIHTC, this rental apartment complex imposes rent and income restrictions as part of the program. Incentives for Affordable Housing The LIHTC program is designed to encourage builders and developers to provide affordable housing solutions for low-income individuals. It offers incentives to ensure that maximum rent charged aligns with the Area Median Income (AMI) determined for the region. However, it's important to note that some individuals with low income may still find this apartment unaffordable due to the AMI regulations. Determining Affordability To assess if Village at Blackshear Apartments fits within your budget, it's essential to check the current rental rates. As rental rates can vary, it's recommended to review whether the apartment aligns with your affordability requirements. Low-Income One-Bedroom Apartments Village at Blackshear Apartments provides 64 one-bedroom apartments specially designated for low-income individuals. It's crucial to keep in mind that due to high demand, waiting lists for apartments are common. Applying and Qualifying To determine if you qualify to live at Village at Blackshear Apartments, please contact them directly using the provided phone number. They will provide you with detailed information about the application process and assess your eligibility for this program. Acceptance of HUD Subsidies This apartment complex accepts HUD subsidies, allowing eligible individuals to receive financial assistance in securing affordable housing. If you qualify for low-income housing and there are available apartments, the rent will be based on 30% of your Adjusted Gross Income, as per HUD regulations. For specific details, we recommend calling the provided contact number. Conclusion Village at Blackshear Apartments offers 1-bedroom apartments under the LIHTC program, providing affordable housing options for low-income individuals. If you're interested in applying and determining your eligibility, please reach out to them directly.
940 Ware St , Blackshear, GA 31516
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