Arbor Terrace Apartments, Phase Ii Odessa

About This Building

Affordable Housing Option in Odessa, TX - Arbor Terrace Apartments, Phase II Introduction: Arbor Terrace Apartments, Phase II Odessa is a Low-Income Housing Tax Credit apartment located in Odessa, Texas. This housing option aims to provide affordable living to individuals seeking economical rental apartments. Supported by the LIHTC, these apartments come with program rent and income restrictions. LIHTC Benefits and Restrictions: The LIHTC program offers incentives to builders and developers, encouraging them to create affordable housing units for low-income individuals. The maximum rent charged is determined based on the Area Median Income (AMI). However, due to the AMI limitations, this apartment complex may still be unaffordable for some low-income persons. Thus, it's crucial to check the current rental rates and determine affordability before making a decision. Available Apartments: Arbor Terrace Apartments, Phase II Odessa offers a total of 120 low-income apartments. It's important to note that there might be waiting lists for most apartments in the current market. Therefore, we provide direct contact details for you to inquire about availability and eligibility for residing in this housing option. Application Process and Verification: To apply for residency, the income of all adults expected to live in the apartment must be included and verified at the time of application. For further information regarding the application process and any other details, please contact the provided number. In summary, Arbor Terrace Apartments, Phase II Odessa presents an affordable housing solution in Odessa, TX, supported by the LIHTC. While income and rent restrictions apply, this opportunity may prove beneficial for low-income individuals seeking housing in the area. Contact the management directly for more information and ascertain if you qualify for residency.