Argonne Retirement Inn Lima

About This Building

Argonne Retirement Inn Lima: Affordable Low-Income Housing in Lima, OH Overview: - Argonne Retirement Inn Lima offers low-income housing options through the Low-Income Housing Tax Credit (LIHTC) program. - These rental apartments are specifically designed to support individuals with limited financial means. - The LIHTC program incentivizes builders and developers to provide affordable housing solutions for low-income individuals. Income Restrictions: - To qualify for these apartments, applicants must meet the program's rent and income restrictions. - The maximum rent charged is determined based on the Area Median Income (AMI). - However, it is important to note that the AMI may still make this apartment unaffordable for some low-income individuals. Affordability Assessment: - Before applying, it is advisable to check the current rental rates to determine if this housing option is financially feasible for you. - There are a total of 77 low-income apartments available at Argonne Retirement Inn Lima. - Due to high demand, many apartments have waiting lists, so it is recommended to contact them directly to inquire about availability. Applying for LIHTC Units: - In order to apply for a LIHTC unit at Argonne Retirement Inn Lima, the income of all expected adult residents must be included and verified during the application process. - For more details, please contact the provided number. Conclusion: - Argonne Retirement Inn Lima offers an affordable housing solution through the LIHTC program. - By providing low-income individuals with access to suitable apartments, this initiative aims to address the housing needs of those with limited financial resources.