Peachtree Seniors Balch Springs

About This Building

Title: Affordable Housing Option at Peachtree Seniors Balch Springs Heading 1: Low-Income Housing Tax Credit Apartment in Balch Springs, TX Peachtree Seniors Balch Springs offers an affordable housing option through the Low-Income Housing Tax Credit (LIHTC) program. Heading 2: Rent and Income Restrictions These rental apartments are supported by LIHTC, ensuring that the applicable program rent and income restrictions are in place. Heading 3: Incentivizing Affordable Housing The LIHTC program encourages builders and developers to provide affordable housing to low-income individuals by offering incentives. Heading 4: Rent Based on Area Median Income The maximum rent charged at Peachtree Seniors Balch Springs is determined by the Area Median Income (AMI) of Balch Springs. Heading 5: Affordability Considerations Due to the AMI-based rent structure, Peachtree Seniors Balch Springs may still be unaffordable for some low-income individuals. It is recommended to check the current rental rates to determine its affordability. Heading 6: 144 Low-Income Apartments Within Peachtree Seniors Balch Springs, there are 144 low-income apartments available. Heading 7: Waiting Lists May Apply As with many apartments, there may be waiting lists. Therefore, it is advisable to directly contact Peachtree Seniors Balch Springs at the provided number to inquire about applications and qualification processes. Heading 8: Key Insight: LIHTC Units for Rent Understanding the significance of Low-Income Tax Credit (LIHTC) units can be crucial when seeking affordable rental options. Heading 9: Income Verification during Application All adults planning to reside in this apartment must include and verify their income at the time of application. Additional details can be obtained by calling for more information.