Russells Place Barnesville

About This Building

Affordable Housing Option at Russells Place Barnesville - Introduction: Russells Place Barnesville is an apartment in Barnesville, OH that offers affordable housing options. This apartment is supported by the Low-Income Housing Tax Credit (LIHTC) program, which provides incentives for builders and developers to offer affordable homes to individuals with low income. - Rent and Income Restrictions: The rental apartments at Russells Place Barnesville are subject to program rent and income restrictions set by the LIHTC. These restrictions ensure that the housing remains affordable for low-income individuals. However, it's important to note that the maximum rent charged is determined based on the Area Median Income (AMI), which may still pose challenges for some. - Checking Affordability: To determine if Russells Place Barnesville is affordable for you, it is recommended to check the current rental rates. Keep in mind that although it is intended for low-income persons, the AMI-based rent structure may make it unaffordable for some individuals. - Availability and Waiting Lists: There are a total of 32 low-income apartments available at Russells Place Barnesville. Given the high demand for affordable housing, it is common for these apartments to have waiting lists. If interested, it is recommended to contact the management directly using the provided phone number to inquire about applying and qualifying to live in this community. - About LIHTC: It is important to understand the concept of LIHTC (Low-Income Tax Credit) units for rent. These units, such as the ones available at Russells Place Barnesville, are designed to provide affordable housing to low-income individuals. It is crucial to include and verify the income of all adults who will be residing in the apartment during the application process. - Further Details: For more information and specific details, it is advisable to call and inquire directly. They will be able to answer any additional questions or provide further information regarding the application process and eligibility criteria.