Olyphant Senior Housing Olyphant

About This Building

Affordable Housing Option in Olyphant, PA Introduction: Olyphant Senior Housing is a tax credit apartment complex aimed at providing low-income individuals with affordable housing in Olyphant, PA. With the support of the Low-Income Housing Tax Credit (LIHTC) program, these rental apartments offer discounted rates based on income and rent restrictions. LIHTC Incentives: The LIHTC program provides incentives to builders and developers to ensure the availability of affordable housing options for low-income persons. By utilizing this program, Olyphant Senior Housing aims to bridge the gap and offer affordable living options to those who are in need. Rent Calculation: The maximum rent charged for these apartments is determined based on the Area Median Income (AMI). However, it's important to note that the AMI might still make these apartments unaffordable for some low-income individuals. Before considering Olyphant Senior Housing, it is advisable to check the current rental rates to determine its affordability for you. Apartment Details: Olyphant Senior Housing offers 43 low-income apartments within its premises. As is common these days, most apartments have waiting lists due to high demand. To explore the possibility of applying and qualifying for residency, we encourage you to contact the management directly using the provided phone number. Benefits of LIHTC: Knowing about Low Income Tax Credit (LIHTC) units for rent can be extremely beneficial for individuals seeking affordable housing. These units require the inclusion and verification of income from all adult occupants during the application process. For more specific details on the application requirements, we recommend getting in touch with the management office. Apartment Options: The complex features a variety of housing options to suit your needs. These include 1-bedroom and 2-bedroom apartments. This diversity ensures that there are choices available to accommodate different household sizes and preferences. In conclusion, Olyphant Senior Housing in Olyphant, PA, offers a valuable affordable housing option through the LIHTC program. However, it is important to consider your income and the rental rates to determine if this is the right fit for you. Feel free to reach out to the management for more information and to inquire about your eligibility for residency.