Elmwood Villas Marysville

About This Building

Elmwood Villas in Marysville, OH: Affordable Housing Option Supported by LIHTC Introduction: Elmwood Villas in Marysville, OH offers an affordable housing solution for individuals seeking low-income options. Supported by the Low-Income Housing Tax Credit (LIHTC) program, these rental apartments come with specific rent and income restrictions. LIHTC Incentives: The LIHTC program incentivizes builders and developers to create affordable housing for low-income individuals. As a result, the maximum rent charged at Elmwood Villas is based on the Area Median Income (AMI). However, it's important to note that this AMI may still make the apartments unaffordable for certain low-income individuals. Rental Rates: To determine affordability, it is crucial to check the current rental rates. Keep in mind that there are 110 low-income apartments available at Elmwood Villas, and given the high demand, waiting lists are common. Applying for Residency: If interested, we recommend contacting the management directly at the provided number. They can provide you with further information regarding the application process and determine if you qualify to live in these LIHTC units. Income Verification: During the application process, it is mandatory to include and verify the income of all adults who are expected to reside in the apartment. For more detailed information, feel free to call the management and inquire about the specific requirements. Conclusion: Elmwood Villas in Marysville, OH offers low-income individuals a chance to secure affordable housing through the LIHTC program. By understanding the rental rates, application process, and income verification requirements, you can determine if this housing option aligns with your needs.