Centennial Terrace - MN

About This Building

Affordable Housing Option in Milaca, MN - Centennial Terrace Apartments Overview: Centennial Terrace Apartments are a Low-Income Housing Tax Credit (LIHTC) apartment complex located in Milaca, MN. These rental apartments are designed to offer affordable housing for individuals and families who meet the program's rent and income restrictions. LIHTC Program: The LIHTC program incentivizes builders and developers to provide housing options for low-income individuals. By participating in the program, Centennial Terrace can offer rental rates that are based on the Area Median Income (AMI). However, it is important to note that the AMI may still render this apartment unaffordable for some low-income individuals. To determine affordability, please check the current rental rates. Apartment Details: Centennial Terrace offers 24 one and two bedroom apartments specifically reserved for low-income residents. These apartments provide comfortable living spaces while maintaining affordability. Waiting Lists: It is common for apartments to have waiting lists, and Centennial Terrace is no exception. To inquire about availability and the application process, please contact them directly using the provided phone number. Eligibility criteria will be determined upon application submission. Consider Centennial Terrace: If you are in search of an affordable housing option in Milaca, MN, Centennial Terrace Apartments could be the ideal choice for you. By participating in the LIHTC program, they strive to provide affordable housing opportunities, despite income limitations. Reach out to them today to explore the possibility of living here.