Jacob's Crossing Rio Grande

About This Building

Title: Jacob's Crossing Rio Grande: Affordable Housing Option with Income Restrictions Heading 1: Introduction Jacob's Crossing Rio Grande offers a Low-Income Housing Tax Credit apartment in Rio Grande, OH, providing an affordable housing solution for those in need. Heading 2: Income Restrictions and Rental Support These rental apartments are supported by the LIHTC program, which aims to incentivize builders and developers in offering affordable housing options for low-income individuals. The applicable program rent and income restrictions ensure affordability. Heading 3: Considerations for Affordability It is important to note that the maximum rent charged for this apartment is determined based on the Area Median Income (AMI). In some cases, the AMI may still make it unaffordable for individuals with low income. To determine affordability, checking the current rental rates is recommended. Heading 4: Availability and Waiting Lists Jacob's Crossing Rio Grande offers a total of 42 low-income apartments. Given the high demand, it is common for apartments to have waiting lists. However, contacting them directly using the provided number will allow you to inquire about potential application and eligibility. Heading 5: Understanding LIHTC Units for Rent To qualify for residency, it is essential to include and verify income from all adults expected to reside in the apartment at the time of application. Contact Jacob's Crossing Rio Grande for more detailed information. Note: The content has been rewritten to present the information in a different structure and to provide alternative wording to the original text.