Buena Vista Townhomes Elgin

About This Building

Affordable Housing Option in Buena Vista Townhomes Elgin, IL - Low-Income Housing Tax Credit Program Supported Rental Apartments Introduction: If you're in search of a reasonably priced place to live, Buena Vista Townhomes Elgin offers Low-Income Housing Tax Credit apartments in Elgin, IL. These apartments are designed for individuals with limited income and adhere to specific rental and income restrictions set by the LIHTC program. Benefits of the LIHTC Program: The LIHTC program incentivizes builders and developers to offer affordable housing options to those with low incomes. To ensure affordability, the maximum rent charged is determined based on the Area Median Income (AMI) of the area. However, please note that the rent may still be unaffordable for some low-income individuals due to the AMI of the neighborhood. Rental Rates: To determine if the apartments at Buena Vista Townhomes Elgin are within your budget, it is advisable to check the current rental rates. Considering that most apartments have waiting lists, it's essential to explore all the necessary details beforehand. Available Apartments: Buena Vista Townhomes Elgin offers a total of 120 low-income apartments with varying sizes to accommodate various household sizes. The available options are as follows: - 1 Bedroom Apartments - 2 Bedroom Apartments - 3 Bedroom Apartments Application and Qualification: To apply and find out if you qualify for residency, it is recommended to directly contact the management at the provided phone number. Remember, at the time of application, applicants must include and verify the income of all anticipated adult residents. Additional Information: For more details and any specific inquiries about Buena Vista Townhomes Elgin, feel free to call and request further information.