Gemstar Reynoldsburg

About This Building

Gemstar Reynoldsburg: Affordable Housing Option in Reynoldsburg, OH Introduction: Gemstar Reynoldsburg is a Low-Income Housing Tax Credit (LIHTC) apartment complex located in Reynoldsburg, OH. If you are searching for affordable housing, these rental apartments are supported by the LIHTC program, offering rent and income restrictions. What is LIHTC? The LIHTC program provides incentives to builders and developers to create affordable housing options for low-income individuals. The maximum rent charged is determined based on the Area Median Income (AMI), which can make this apartment complex still challenging to afford for low-income individuals. Rental Rates: To determine affordability, it is crucial to check the current rental rates. The AMI may impact the affordability of this apartment for low-income individuals. Make sure to review the rates before considering this option. Low Income Apartments: Gemstar Reynoldsburg consists of 24 low-income apartments. However, it is important to keep in mind that most apartments have waiting lists. Contact the complex directly using the provided number to inquire if you can apply and qualify to reside in this community. Important Considerations: 1. LIHTC Units: Familiarize yourself with the concept of Low Income Tax Credit (LIHTC) units available for rent. 2. Income Verification: During the application process, the income of all adults expected to reside in the apartment must be included and verified. Contact the complex for further details. Conclusion: Gemstar Reynoldsburg offers an affordable housing option through the LIHTC program in Reynoldsburg, OH. However, due to the AMI restrictions, it's essential to consider the current rental rates to determine if it is affordable for you. Contact the complex directly for more information.