South Pointe Development

About This Building

Affordable Housing Option in Calera, AL: South Pointe Development Introduction: South Pointe Development offers affordable housing through the Low-Income Housing Tax Credit (LIHTC) program. If you are seeking an affordable housing option in Calera, AL, these rental apartments may be suitable for you. LIHTC and its Benefits: Supported by LIHTC, these rental apartments aim to provide affordable housing to low-income individuals and families. Developers and builders are incentivized to participate in this program, ensuring the availability of affordable homes in the community. Rent and Income Restrictions: To qualify for these apartments, applicants must meet the applicable program rent and income restrictions. The maximum rent charged is determined by the Area Median Income (AMI). It's important to note that the AMI may render this apartment unaffordable for some low-income individuals. Checking Affordability: Before considering South Pointe Development, it is advisable to check the current rental rates to determine if they align with your budget. Affordability may vary depending on your income and financial situation. Apartment Details: South Pointe Development offers 47 low-income three-bedroom apartments. However, it is essential to be aware that most apartments these days have waiting lists. We provide this listing to facilitate direct contact with the management. Feel free to call the provided number to inquire if you can apply and qualify to live in this community. Knowing About LIHTC Units: It's crucial to understand the concept of LIHTC (Low-Income Tax Credit) units for rent. These apartments follow specific guidelines and regulations to ensure affordable housing for everyone. Thus, income from all adults expected to reside at the apartment must be included and verified during the application process. Call for more details and eligibility criteria. Conclusion: If you are in search of affordable housing in Calera, AL, South Pointe Development's LIHTC apartments could be a suitable option. Take into account the income restrictions and rent rates applicable in your area to determine the affordability of this community. Feel free to contact the management for further information and clarification.