River To River Community Of Marion Marion

About This Building

Title: River To River Community Of Marion: Affordable Housing Options in Marion, IL Heading 1: Overview of River To River Community River To River Community in Marion, IL is a tax credit apartment providing affordable housing for low-income individuals and families. Supported by the Low-Income Housing Tax Credit (LIHTC) program, these apartment rentals come with specific income and rent restrictions. Heading 2: LIHTC: Encouraging Affordable Housing The LIHTC program incentivizes builders and developers to offer affordable housing options to individuals with low incomes. Rent for these apartments is determined based on the Area Median Income (AMI). However, it's important to note that this AMI calculation may make the apartments unaffordable for some low-income individuals. Heading 3: Assessing Affordability and Availability Before considering River To River Community for your housing needs, it is crucial to evaluate the current rental rates to determine if they fit within your budget. With 50 low-income apartments available, it is likely that there may be a waiting list for these units. Heading 4: Applying for Residency To apply and see if you qualify for residency at River To River Community, we provide you with the contact information below. It is essential to keep in mind that when applying, the income of all anticipated adult residents should be disclosed and verified. For more information, please contact the provided number. Heading 5: Tips and Considerations If you are searching for Low Income Tax Credit (LIHTC) units for rent, it is important to understand the program's guidelines and eligibility requirements. To gain further details regarding the LIHTC program and its implications, feel free to get in touch. We hope this information helps you in your search for affordable housing at River To River Community in Marion, IL.