Braham Square Townhouses

About This Building

Available Affordable Housing Options in SW 3rd Street: Rural Development and Section 42 Programs Overview of the Program Looking for affordable housing options in the SW 3rd Street area? These rental apartments are supported by LIHTC (Low Income Tax Credit) and encompass the Rural Development and Section 42 programs. These programs offer accessible and affordable housing for individuals and families with low incomes. Understanding LIHTC LIHTC offers incentives to builders and developers to provide housing options that are within reach for those with limited financial resources. By participating in this program, apartments can be rented at rates that are in line with the Area Median Income (AMI), making them more affordable for low-income individuals and families. Considerations for Low-Income Individuals However, it's essential to note that even with LIHTC, this housing may still be unaffordable for some low-income individuals due to the AMI. It is advisable to evaluate your current rent and incomes to determine if these apartments fit within your budget. Section 42 Credits The LIHTC program is commonly known as Section 42 credits, referring to the applicable provisions of the Internal Revenue Code. These credits play a crucial role in facilitating affordable housing options. Waiting Lists and Application Process As demand for affordable housing is high, most apartments have waiting lists. To inquire about the availability of units and to check if you qualify, contact the management directly using the provided phone number. It's essential to include the income of all adults expected to reside in the apartment during the application process. Services and Amenities These apartments offer several amenities and services, including professionally managed units, spacious community rooms, and oak cabinets in kitchens and bathrooms. The rent includes heating, water, sewage, and garbage disposal. Cable connections are also available for residents' convenience. Take Advantage of Affordable Housing Opportunities Don't miss out on the chance to secure affordable housing in the SW 3rd Street area. Explore the available programs and consider reaching out to the management to learn more about LIHTC rental units and start the application process.