Timberwolf Townhomes

About This Building

Program Type: Rural Development & Section 42 - Providing Affordable Housing Options Overview: - Rental apartments supported by the LIHTC program and subject to program rent and income restrictions. - LIHTC offers incentives to builders and developers to create affordable housing for low-income individuals. - Maximum rent determined by Area Median Income (AMI), which may pose affordability challenges for low-income individuals. - Check current rental rates to assess affordability. - LIHTC credits are commonly referred to as Section 42 credits, based on the relevant section of the Internal Revenue Code. - Many apartments have waiting lists, so contact the management directly to inquire about application and qualification. Details: 1. Program Description: - LIHTC program supports rental apartments with affordable rates and income limitations. - Encourages builders and developers to contribute to low-income housing. - Rent prices based on AMI. - Note that affordability may vary based on AMI. 2. Application Requirements: - All adults expected to live in the apartment must provide and verify their income. - Contact for further details on application process. 3. Services and Amenities: - Professionally managed property. - Affordable rent options. - Oak cabinetry in kitchens and bathrooms. - Heat, water, sewer, and trash included in rent. - Cable hook-ups available. - Accessible unit for individuals with mobility needs. - Playground onsite for residents. Contact Information: CEPCO Management & Development 32 Tenth Ave. S, Suite 109 Hopkins, MN 55343