Colony Wood Apartments

About This Building

Colony Square Village Lebanon: Affordable Housing Option in Lebanon, OH Introduction to Colony Square Village Lebanon Colony Square Village Lebanon is a Low-Income Housing Tax Credit (LIHTC) apartment complex situated in Lebanon, OH. This housing option is designed to provide affordable living arrangements for individuals with limited income. Supported by the LIHTC program, the rental apartments come with specific rent and income restrictions to accommodate low-income individuals. Understanding LIHTC and Affordable Housing The LIHTC program encourages builders and developers to offer housing options that are affordable for low-income individuals. Under this program, the maximum rent charged is determined based on the Area Median Income (AMI). However, it is important to note that the AMI can still make this apartment complex unaffordable for some low-income individuals. To determine affordability, you should check the current rental rates. Availability and Waiting Lists Colony Square Village Lebanon features 42 low-income apartments. It is common for apartments to have waiting lists, so contacting the management directly is advisable. By reaching out to them via the provided contact number, you can inquire about the availability and eligibility criteria. Tips for Applying to LIHTC Units When applying for an apartment at Colony Square Village Lebanon, it is critical to include and verify the income of all adults who plan to reside in the unit. This requirement ensures accurate evaluation of your eligibility. For more detailed information, feel free to reach out and inquire. Conclusion Colony Square Village Lebanon offers an affordable housing option for individuals seeking low-income apartments in Lebanon, OH. By understanding the LIHTC program and its income restrictions, you can determine whether this complex aligns with your financial situation. Contact the management directly for more details and to inquire about applying for a unit.