Rainbow Apartments Urbana

About This Building

Rainbow Apartments Urbana: Affordable Housing Option in Urbana, IL About Rainbow Apartments Urbana Located in Urbana, IL, Rainbow Apartments Urbana offers Low-Income Housing Tax Credit (LIHTC) apartments. These rental apartments are designed to provide affordable housing options to individuals and families with low incomes. Supported by the LIHTC program, these apartments have specific rent and income restrictions. LIHTC Program The LIHTC program encourages builders and developers to create affordable housing for low-income individuals. The maximum rent charged for these apartments is based on the Area Median Income (AMI). However, it is important to note that even with this program, some low-income individuals may find the rent unaffordable due to the AMI limitations. Before making a decision, it is recommended to check the current rental rates to determine affordability. Number of Apartments Rainbow Apartments Urbana offers a total of 72 low-income apartments. Given the demand for affordable housing, it is common for apartments to have waiting lists. Hence, we provide the contact information below, so you can directly reach out to them, inquire about availability, and see if you qualify to live here. Applying for Rainbow Apartments Urbana When applying for Rainbow Apartments Urbana, it is vital to include and verify the income of all adults who will be residing in the apartment. For more details and specific requirements, please contact the designated number provided below. Apartment Types Available Rainbow Apartments Urbana offers the following apartment types: - 1 Bedroom Apartments at Location - 2 Bedroom Apartments at Location - 3 Bedroom Apartments at Location By structuring the text with headings, it becomes easier for readers to navigate and understand the various aspects of Rainbow Apartments Urbana.