Round Barn Manor

About This Building

Title: Round Barn Manor Preservation Champaign: Affordable Housing Option Supported by LIHTC Introduction: Round Barn Manor Preservation Champaign offers low-income housing options through the LIHTC program in Champaign, IL. With income and rent restrictions, these apartments provide an opportunity for affordable living. Affordable Housing through LIHTC: The LIHTC program incentivizes builders and developers to create affordable housing for low-income individuals. As a result, the maximum rent charged at Round Barn Manor is based on the Area Median Income (AMI), ensuring affordability for eligible residents. Considerations for Low-Income Individuals: Despite the efforts to provide affordable housing, the AMI-based rental rates may still pose affordability challenges for some low-income individuals. It is advisable to check current rental rates to determine if the apartments suit your budget. Plentiful Low-Income Apartments: Round Barn Manor Preservation Champaign consists of 156 low income apartments, accommodating a significant number of individuals in need of affordable housing. However, it is important to note that these apartments often have waiting lists. Application Process: To explore the possibility of living at Round Barn Manor, reach out to the management directly using the provided contact number. Many individuals find it helpful to familiarize themselves with the LIHTC program and its benefits in order to make an informed decision. Income Verification Requirements: At the time of application, all adults expected to reside at the apartment must include and verify their income. For more detailed information regarding the application process and eligibility criteria, please contact the management. Conclusion: Round Barn Manor Preservation Champaign offers a low-income housing solution supported by LIHTC in Champaign, IL. By adhering to income and rent restrictions, these apartments aim to provide affordable living for qualified individuals. Contact the management for further information and to determine if this housing option suits your needs.