Gracefield Apartments

About This Building

Title: Gracefield Apartments Ottawa: Affordable Low-Income Housing in Ottawa, IL Heading 1: Introduction to Gracefield Apartments Ottawa Gracefield Apartments Ottawa is a Tax Credit apartment complex situated in Ottawa, IL. Designed to cater to individuals in search of affordable housing options, these rental apartments are supported by the Low-Income Housing Tax Credit (LIHTC) program. Heading 2: LIHTC: Affordable Housing Incentives The LIHTC program offers incentives to builders and developers, encouraging them to provide housing options that are within reach for low-income individuals. The rental rates are determined based on the Area Median Income (AMI) for the specific area, ensuring affordability for residents. However, it is important to note that the AMI may still present challenges for some low-income individuals in considering affordability. Heading 3: Explore Rental Rates and Apartment Types To determine whether Gracefield Apartments Ottawa fits within your budget, it is advisable to check the current rental rates. The complex offers 24 low-income apartments, ranging from one to three bedrooms. Due to high demand, waiting lists for rental apartments are common nowadays. Heading 4: Contact Information and Application Process We provide this listing to assist you in contacting Gracefield Apartments Ottawa directly. You can inquire about the availability of apartments, application procedures, and find out if you meet the qualifications to live in this community. It is crucial to note that when applying, income verification for all adults expected to reside in the apartment is mandatory. For further details or to apply, please call the provided contact number. Heading 5: LITC Units for Rent: A Valuable Resource For a comprehensive understanding of Low-Income Tax Credit (LITC) units available for rent, this information will guide you in making informed decisions regarding Gracefield Apartments Ottawa. Keep in mind that considering the income of all individuals expected to reside in the apartment is pivotal at the time of application. Heading 6: Apartment Options Gracefield Apartments Ottawa offers a range of apartment types to accommodate different household sizes and needs: - 1-Bedroom Apartments at Location - 2-Bedroom Apartments at Location - 3-Bedroom Apartments at Location By structuring the text with relevant headings, we aim to provide you with organized information about Gracefield Apartments Ottawa and the opportunities they offer for affordable housing.