Windmill Village, Phase Ii East Hampton

About This Building

Affordable Housing in Windmill Village, Phase II East Hampton Introduction: Windmill Village, Phase II East Hampton offers Low-Income Housing Tax Credit (LIHTC) apartments for individuals seeking affordable housing options. Located in East Hampton, NY, these rental apartments are supported by the LIHTC program, providing rent and income restrictions to eligible individuals. Incentives for Affordable Housing: The LIHTC program provides incentives to builders and developers to create affordable housing options for low-income individuals. This ensures that the maximum rent charged is based on the Area Median Income (AMI), making it more accessible for those with limited financial resources. Consideration of AMI: Despite its affordability provisions, the AMI-based rent structure may still render this apartment complex unaffordable for some low-income individuals. Therefore, it is crucial to check the current rental rates to determine if it aligns with your budgetary needs. Number of Apartments and Waiting Lists: Windmill Village, Phase II East Hampton offers a total of 47 low-income apartments. Due to the high demand for affordable housing, most apartments have waiting lists. However, contacting the management directly can provide further information regarding potential application and qualification processes. Understanding LIHTC Units: It is important to be knowledgeable about the concept of LIHTC (Low-Income Tax Credit) units for rent. These units require all adult residents' incomes to be included and verified during the application process. For more detailed information, feel free to reach out to the management. Availability of 1-Bedroom Apartments: This apartment complex specifically offers 1-bedroom apartments. These units provide a suitable accommodation option for individuals in need of affordable housing within Windmill Village, Phase II East Hampton.