Ridgewood Villas Bucyrus

About This Building

Ridgewood Villas Bucyrus: Affordable Housing for Low-Income Residents Overview: - Introduction to Ridgewood Villas Bucyrus - Located in Bucyrus, OH - Low-Income Housing Tax Credit (LIHTC) supported rental apartments - Designed to cater to individuals seeking affordable housing options Income Eligibility: - LIHTC incentivizes builders and developers to offer affordable housing - AMI (Area Median Income) determines the maximum rent charged - Potential concern: AMI might make the apartment unaffordable for low-income individuals - Check current rental rates to assess affordability Apartment Details: - Offering 60 low-income apartments - High demand may result in waiting lists - Encouraging direct contact to inquire about application and eligibility Application Requirements: - Important to consider all expected adult occupants' income - Income verification is necessary during the application process - More details available through a phone call