Cherrywood Apartments Toledo

About This Building

Cherrywood Apartments Toledo: An Affordable Housing Option Overview: Cherrywood Apartments Toledo, situated in Toledo, OH, is a Low-Income Housing Tax Credit (LIHTC) apartment that caters to individuals looking for affordable housing. Supported by the LIHTC, these rental apartments adhere to specific program rent and income restrictions. The LIHTC Incentive: The LIHTC program offers incentives to builders and developers, encouraging them to provide affordable housing options for low-income individuals. The maximum rent charged at Cherrywood Apartments is determined by the Area Median Income (AMI). However, it is important to note that the AMI may still render these apartments unaffordable for low-income persons. Affordability Check: To determine if Cherrywood Apartments Toledo aligns with your budget constraints, it is suggested to review the current rental rates. Given that there are 172 low-income apartments available at this location, vacancies may be limited and waiting lists might exist. Application Process: To explore the possibility of applying and qualifying for residency at Cherrywood Apartments Toledo, feel free to contact the management directly using the provided contact number. It is essential to remember that all income sources of the adults who anticipate residing in this apartment must be included and verified during the application process. Call for more details. TIP: Understanding the LIHTC Program: Familiarize yourself with Low Income Tax Credit (LIHTC) units available for rent to gain a better understanding of the program's criteria and requirements.