Lincoln Towers, Freeport

About This Building

Affordable Housing Option in Lincoln Towers, Freeport, IL with Low-Income Tax Credit (LIHTC) Support Introduction: Discover an affordable housing option in Lincoln Towers, Freeport, IL, which is a Low-Income Housing Tax Credit apartment. Supported by the LIHTC program, these rental apartments come with program rent and income restrictions, making them perfect for those seeking affordable housing. LIHTC Incentives for Affordable Housing: The LIHTC program provides incentives to builders and developers to ensure the availability of affordable housing for low-income individuals and families. The maximum rent charged for these apartments is based on the Area Median Income (AMI), which may pose affordability challenges for some low-income individuals. Checking Current Rental Rates: Before considering moving to Lincoln Towers, it is advisable to check the current rental rates to determine if they are affordable to you. The AMI-based pricing structure may make this apartment complex unaffordable for low-income individuals. However, it is worth exploring the rental rates to see if they align with your budget. Large Availability of Low-Income Apartments: Lincoln Towers boasts a total of 100 low-income apartments, providing a significant opportunity for potential residents. However, please note that given the current demand for affordable housing, it is common for most apartments to have waiting lists. Contacting Lincoln Towers: To explore the possibility of living in Lincoln Towers, you can directly contact the management using the provided number. Reach out to them to inquire about the application process and determine if you meet the qualification criteria. Important Consideration: LIHTC Units for Rent When applying for an apartment in Lincoln Towers, it is crucial to include and verify the income of all adults expected to reside there. Contact the management for more details regarding income requirements and other necessary information. Apartment Options: Lincoln Towers offers both one-bedroom and two-bedroom apartments, catering to different household sizes and preferences. Explore the availability of these units with the management to find the perfect fit for you. Conclusion: Consider Lincoln Towers in Freeport, IL, for an affordable housing option supported by the LIHTC program. While the AMI-based pricing structure may pose affordability challenges, exploring the current rental rates is a recommended step. Don't hesitate to contact Lincoln Towers directly to inquire about applying and qualifying to live in this low-income apartment complex.