Chesapeake Apartments Marion

About This Building

Chesapeake Apartments Marion: Offering Affordable Housing Options With Income Restrictions - Low-Income Housing Tax Credit (LIHTC) supported rental apartments - AMI-Based Maximum Rent Charges for Low-Income Individuals - 24 low income apartments available - Contact for application and qualification details - Income verification required for all adult residents - 2 bedroom apartments available at this location Are you searching for a cost-effective housing solution in Marion, IL? Chesapeake Apartments Marion is a Low-Income Housing Tax Credit apartment complex that aims to provide affordable accommodations to individuals with limited incomes. Supported by the LIHTC program, these rental apartments adhere to specific rent and income restrictions. The LIHTC program encourages builders and developers to offer housing options suitable for low-income individuals. However, it is important to note that the maximum rent charged depends on the Area Median Income (AMI). Consequently, the AMI may make this apartment complex unaffordable for some low-income persons. To determine if the current rental rates align with your budget, we recommend checking the available information. At Chesapeake Apartments Marion, you can find 24 low-income apartments. However, it is important to keep in mind that there are often waiting lists for such in-demand accommodations. To explore the possibility of residing in this community, please contact them directly using the provided phone number. Our aim is to offer transparency and help you navigate the application process smoothly. TIP: Familiarize yourself with the concept of Low-Income Tax Credit (LIHTC) units available for rent. When applying for these apartments, it is crucial to include and verify the income of all adults who plan to reside in the unit. For more detailed information on the application process, feel free to inquire and gather more details. Chesapeake Apartments Marion offers 2 bedroom apartments at this location, providing an opportunity for individuals or families in need of a larger living space.