Stephens Village

About This Building

Affordable Housing Option in Stephens City, VA: Low-Income Apartments with Rent Assistances Leveraging Low-Income Housing Tax Credit for Accessible Residential Community Stephens Village, situated in Stephens City, VA, offers an excellent opportunity for those seeking affordable housing. These rental apartments receive essential support through the Low-Income Housing Tax Credit (LIHTC) program. Dedicated to assisting low-income individuals, this initiative incentivizes builders and developers to construct and manage residential complexes tailored to their needs. Income and Rent Restrictions: Ensuring Affordability for All To maintain affordability, this apartment community implements program rent and income restrictions. By tying the maximum rent charged to the Area Median Income (AMI), the facility ensures that housing remains within reach for low-income residents. However, it's important to note that the AMI-based pricing may render this apartment unaffordable for some low-income individuals. To determine affordability, it is recommended to review the current rental rates. Spacious and Economic Living: One and Two Bedroom Apartments Stephens Village offers a total of 46 low-income apartments in one and two-bedroom configurations. These units are designed to provide comfortable living spaces at affordable rates. However, please keep in mind that due to high demand, waiting lists for apartments are typical in today's housing market. How to Apply: Contact Directly for Potential Qualification To explore the possibility of residing in this community, we provide the contact number for you to reach out directly. By contacting Stephens Village, you can inquire about the application process and determine if you meet the eligibility criteria. Don't miss out on this opportunity for affordable housing – give it a try!