Lantern Park - Tama

About This Building

Lantern Park Apartments: Offering Affordable Housing Options in Tama, IA Providing Affordability through Low-Income Housing Tax Credit Program Lantern Park Apartments, situated in Tama, IA, is a desirable choice for individuals seeking affordable housing solutions. As a Low-Income Housing Tax Credit (LIHTC) supported apartment complex, these rentals come with specific rental rates and income restrictions outlined by the program. The LIHTC program encourages builders and developers to offer reasonably priced housing options to those with low incomes, ensuring the availability of safe and affordable homes for all. Income-based Rent and Area Median Income (AMI) In adherence to the LIHTC program, the rent charged for Lantern Park Apartments is determined by the Area Median Income (AMI). This approach guarantees fairness and takes into account the economic conditions of the local community. Such considerations enable us to provide homes that cater to the diverse needs of low-income individuals. The maximum rent allowed ensures that residents can comfortably afford their homes while maintaining financial stability. A Community Comprising 24 Low-Income Apartments Lantern Park Apartments consists of 24 apartments dedicated to meeting the housing needs of those with modest incomes. With great attention to detail, our community offers the perfect combination of affordability and comfort. The apartments are designed to create a welcoming environment that fosters a sense of belonging and well-being for all residents. Contact Information and Application Process Given the high demand for affordable housing, waiting lists have become a common occurrence for many apartment complexes. To explore the possibility of residing at Lantern Park Apartments, we encourage interested individuals to contact us directly. By reaching out through the provided contact number, you can inquire about applying for and potentially qualifying for residency. Don't miss out on this opportunity to secure an affordable and comfortable home at Lantern Park Apartments in Tama, IA.