Solberg Tower

About This Building

Affordable Housing Option at Solberg Tower in Madison Heights, MI Supporting Low-Income Residents with LIHTC Program Solberg Tower in Madison Heights, MI offers a unique housing opportunity for those seeking affordability. These rental apartments are backed by the Low-Income Housing Tax Credit (LIHTC) program, which aims to provide affordable housing options to individuals with limited income. However, it's important to note that specific rent and income restrictions apply under this program. AMI-based Rent and Income Restrictions The LIHTC program provides valuable incentives to builders and developers to create housing that is within the means of low-income individuals. The maximum rent is determined based on the Area Median Income (AMI). However, it's worth mentioning that the rental rates may still pose a challenge for some low-income individuals, depending on their specific AMI. Checking the current rental rates is crucial in determining whether this apartment is affordable for you. Abundance of One-Bedroom Options Solberg Tower boasts 169 available one-bedroom apartments dedicated to low-income individuals. It's quite common for apartments to have extensive waiting lists nowadays. Thankfully, this listing enables direct contact with the management, increasing your chances of applying and qualifying to live here. HUD Subsidized Apartments This apartment complex accepts HUD subsidies, providing an additional avenue for affordable housing. If you qualify for low-income housing and there are available apartments, the rent is calculated at 30% of your Adjusted Gross Income. Contact Solberg Tower for in-depth details regarding this opportunity. Apartment Options Available Solberg Tower offers one-bedroom and two-bedroom apartments catering to different housing needs. Selecting the most suitable option based on your requirements and preferences is key. Consider Solberg Tower for Affordable Living Experience the benefits of affordable housing at Solberg Tower in Madison Heights, MI. Backed by the LIHTC program and offering HUD subsidized options, this apartment complex provides a chance for low-income individuals to secure comfortable housing at an accessible cost. Reach out for further information and take a step towards securing an affordable home today.