Pecan Villa

About This Building

Affordable Housing Option in Ruston, LA: Pecan Villa - Supported by the LIHTC Program: Pecan Villa is a Low-Income Housing Tax Credit apartment in Ruston, LA, offering affordable rental apartments for those in need. The program ensures that rent and income restrictions are in place to assist low-income individuals. - Incentivizing Affordable Housing: The LIHTC program provides incentives to builders and developers to create housing options for low-income individuals. By doing so, it aims to alleviate the housing burden on those with limited financial resources. - Rent Based on Area Median Income: The maximum rent charged at Pecan Villa is determined based on the Area Median Income (AMI). However, it's important to note that for some low-income individuals, this AMI-based rent may still be unaffordable. - Check Rental Rates for Affordability: To determine if Pecan Villa is within your budget, it is recommended to check the current rental rates. This will allow you to assess whether the apartment is an affordable option for your financial situation. - 61 One Bedroom Apartments: Pecan Villa features 61 one bedroom apartments, designed to cater to the low-income housing needs in the community. - Office Hours: The office is open Monday-Friday from 9:00 am to 3:30 pm for inquiries and assistance. Feel free to contact them directly with any questions about the application process or eligibility requirements. - HUD Subsidies Accepted: This apartment complex accepts HUD subsidies, which means that if you qualify for low-income housing, the rent will be based on 30% of your Adjusted Gross Income. Call for more information and specific details regarding this option. - Apply and Qualify: Due to the demand for affordable housing, waiting lists are common for most apartments. However, you can directly contact Pecan Villa at the provided number to inquire about availability and the application process.