Clark's Crossing Laredo

About This Building

Title: Affordable Housing Option at Clark's Crossing Laredo 1. Overview: Clark's Crossing Laredo - A Low-Income Housing Tax Credit Apartment Located in Laredo, TX, Clark's Crossing Laredo is a designated Low-Income Housing Tax Credit (LIHTC) apartment complex. These rental apartments offer an affordable housing option for individuals and families with limited income. 2. LIHTC Program: Promoting Affordable Housing Supported by the LIHTC program, Clark's Crossing Laredo is part of an initiative that incentivizes builders and developers to create affordable housing opportunities for low-income individuals. Through the program, this apartment complex follows specific rent and income restrictions to accommodate residents in need. 3. Rent Calculation: Based on Area Median Income (AMI) To ensure affordability, the maximum rent charged at Clark's Crossing Laredo is determined by the AMI (Area Median Income) of the region. It is important to note that, due to the AMI criteria, this apartment may still have rental rates that could be potentially unaffordable for some low-income individuals. 4. Rental Rates and Availability Before considering Clark's Crossing Laredo, it is recommended to check the current rental rates to determine if they fit your budget. With 120 low-income apartments available, it is likely that there may be waiting lists for these units. However, feel free to contact the management directly using the provided number to inquire about application procedures and eligibility. 5. Requirements: Including All Adult Incomes When applying for residency at Clark's Crossings Laredo, it is essential to include and verify the income of all adults who are expected to reside in the apartment. Additional details can be obtained by contacting the management. (Note: The content has been rephrased and restructured to offer a different perspective while conveying the same information as the source text.)