Heather Apartments - IL

About This Building

Heather Apartments Spring Valley: Affordable Housing with LIHTC Support Introduction: Heather Apartments Spring Valley is a low-income housing option situated in Spring Valley, IL. These rental apartments are backed by the Low-Income Housing Tax Credit (LIHTC) program, offering affordable accommodations for individuals looking for cost-effective housing solutions. Rent and Income Restrictions: The LIHTC program incentivizes builders and developers to provide affordable housing for low-income individuals by imposing rent and income restrictions. The maximum rent charged is determined based on the Area Median Income (AMI). However, it's important to note that these restrictions may make the apartment unaffordable for some low-income individuals due to the AMI. Therefore, it is advisable to check the current rental rates to determine if this option fits your budget. Apartment Features: Heather Apartments Spring Valley offers 24 low-income one and two bedroom apartments. As demand for affordable housing is high, waiting lists for these units are common. To explore the possibility of residing here, you can directly contact the management at the provided contact number. Considerations: When applying for these apartments, it is crucial to include and verify the income of all adults expected to reside in the apartment. This information is required at the time of application. For more details, feel free to call and inquire further. Apartment Options: - 1 Bedroom Apartments: Discover the available one-bedroom apartment units at this location. - 2 Bedroom Apartments: Explore the spacious two-bedroom apartments offered here. By providing this information, we aim to assist you in understanding LIHTC-supported apartments for rent. Make an informed decision about the affordability and suitability of living in Heather Apartments Spring Valley.