Princeton Arms Princeton

About This Building

Princeton Arms Apartments: A Low-Income Housing Option in Princeton, Texas Affordable Living Supported by LIHTC Program Princeton Arms Apartments, situated in Princeton, TX, offers a range of rental units that are specially designed to provide affordable housing options. These apartments are supported by the Low-Income Housing Tax Credit (LIHTC) program, which encourages builders and developers to construct homes for low-income individuals. Rent and Income Restrictions Apply To ensure that these rental apartments remain affordable, the LIHTC program sets specific rent and income restrictions. The maximum rent charged is determined based on the Area Median Income (AMI). However, it's essential to note that the AMI may make this apartment unaffordable for some low-income individuals. Therefore, it's recommended to check the current rental rates to determine if it fits within your budget. A Limited Number of Low-Income Apartments Princeton Arms Apartments comprises a total of 24 low-income units. As is common with most affordable housing options, there may be waiting lists for these apartments. However, we provide you with direct contact information, enabling you to reach out to them directly and inquire about the application process and eligibility criteria. Understanding LIHTC Units When considering applying for these apartments, it's crucial to comprehend the concept of Low-Income Tax Credit (LIHTC) units. The incomes of all adults who intend to live in the apartment must be disclosed and verified during the application process. For more detailed information, please feel free to contact us. Apartment Options Available At Princeton Arms Apartments, you can choose from both one and two-bedroom apartments, depending on your needs and preferences. Take the Next Step Towards Affordable Living If you are seeking affordable housing in Princeton, Texas, Princeton Arms Apartments can offer you a viable solution. Give us a call today to learn more about the application process and the availability of these LIHTC-supported units. We are here to assist you in finding an affordable home that suits your needs.