The Reserves at Storm Lake

About This Building

The Reserves at Storm Lake: Affordable Housing Option in Storm Lake, IA Introduction: The Reserves at Storm Lake is a well-established apartment complex that offers affordable housing options through the Low-Income Housing Tax Credit (LIHTC) program. If you are looking for a cost-effective place to live, this complex might be an ideal choice. LIHTC Program and Income Restrictions: Supported by the LIHTC program, these rental apartments come with applicable program rent and income restrictions. This initiative provides incentives to builders and developers to offer affordable housing to low-income individuals in the community. Rent Based on Area Median Income (AMI): The maximum rent charged for these apartments is determined by the Area Median Income (AMI). However, it is important to note that the AMI-based rent may still be unaffordable for low-income persons. Therefore, it is crucial to check the current rental rates to evaluate the affordability of this option for you. 31 Low-Income Apartments Available: With 31 apartments specifically allocated for low-income individuals, the Reserves at Storm Lake provides housing opportunities to those in need. However, please keep in mind that demand for affordable housing is often high, leading to waiting lists. How to Apply: To determine your eligibility and apply for residency at the Reserves at Storm Lake, you can directly contact the management using the provided phone number. By reaching out, you can receive all the necessary information regarding the application process. Conclusion: The Reserves at Storm Lake stands as an exemplary low-income housing option in Storm Lake, IA. Through the LIHTC program, this apartment complex remains dedicated to providing affordable living spaces for low-income individuals in the area. Contact the management for further details on how to apply and take advantage of this opportunity.