Sunley Fund V Springfield

About This Building

Title: Sunley Fund V Springfield - Affordable Housing Opportunity in Springfield, IL Subtitle: Providing Low-Income Housing Tax Credit Apartments Introduction: Sunley Fund V Springfield offers a remarkable opportunity for affordable housing seekers in Springfield, IL. These LIHTC-supported rental apartments come with program rent and income restrictions, making them suitable for low-income individuals and families. Affordable Rental Apartments: With a focus on supporting low-income individuals, the LIHTC provides valuable incentives to builders and developers. This ensures the availability of affordable housing options for those who need it the most. The maximum rent charged is determined based on the Area Median Income (AMI), which may make this apartment unaffordable for some low-income individuals. Prospective tenants are advised to check the current rental rates before applying to ensure affordability. Limited Availability: With just 1 low-income apartment on offer, it is important to be aware that demand may exceed supply. Waiting lists are now a common occurrence for most apartments. To increase your chances of securing a rental unit, you can contact the management directly using the provided contact number and inquire about the application process and eligibility criteria. Key Consideration: Low Income Tax Credit: Familiarizing yourself with the Low Income Tax Credit (LIHTC) program can greatly help when searching for affordable units. It's important to note that the income of all expected adult residents must be included and verified during the application process. For more details and specific information, interested individuals should call the designated contact number. 4-Bedroom Apartments Available: Sunley Fund V Springfield offers the convenience of spacious 4-bedroom apartments. With ample living space, these units can accommodate larger families or individuals seeking more room. Take advantage of this opportunity and inquire about the availability and rental rates for these units. Conclusion: Sunley Fund V Springfield presents an affordable housing option in Springfield, IL, with the support of LIHTC. By providing incentives to developers, this initiative ensures the availability of reasonably priced housing for low-income individuals and families. To apply for a unit, contact the management directly for more information and to see if you qualify.