Boxwood Place Apartments Lexington

About This Building

Boxwood Place Apartments Lexington: Affordable Housing Option Supported by LIHTC Introduction: Boxwood Place Apartments in Lexington, TX, is a Low-Income Housing Tax Credit (LIHTC) apartment complex. If you are seeking affordable housing, these rental apartments are backed by the LIHTC program, which includes rent and income restrictions. LIHTC Program: The LIHTC program offers incentives to builders and developers to create housing options for low-income individuals. The maximum rent charged in these apartments is determined by the Area Median Income (AMI), which may make them unaffordable for some low-income individuals. Affordability Considerations: Before making a decision, it is important to assess whether the current rental rates align with your affordability. Due to the AMI calculations, this apartment may still be unaffordable for low-income individuals. It is recommended to check the current rental rates to determine its suitability for you. Apartment Details: Boxwood Place Apartments consists of 23 low-income units. As demand for affordable housing is high, it is common for most apartments to have waiting lists. We provide this listing to facilitate direct contact with the apartment management through the provided phone number. This allows you to inquire about potential eligibility and apply for residency. Important Note: LIHTC Units: When applying for residency, it is crucial to consider that all adults expected to live in the apartment must include and verify their income at the time of application. For more specific details, kindly reach out to the apartment management. Available Unit Types: Boxwood Place Apartments offers both 1-bedroom and 2-bedroom apartments. The choice of unit type can be an important factor while considering the suitability of this housing option. Conclusion: Boxwood Place Apartments Lexington provides an opportunity for affordable housing through the LIHTC program. However, it is necessary to thoroughly evaluate the rental rates and income requirements before applying. Contact the apartment management for further details and to determine your eligibility.