Rose Street Apartments Foley

About This Building

Affordable Housing Option in Foley, AL: Rose Street Apartments Introduction: Welcome to Rose Street Apartments Foley, a Low-Income Housing Tax Credit apartment complex situated in the heart of Foley, AL. If you are in search of an affordable housing option, look no further! Our rental apartments are specifically supported by the LIHTC program, ensuring that they adhere to the applicable rent and income restrictions. The LIHTC Program: The LIHTC program provides significant incentives to builders and developers, encouraging them to offer affordable housing opportunities to individuals with low income. Under this program, the maximum rent charged is based on the Area Median Income (AMI). However, it is important to note that the AMI may still render this apartment unaffordable for some low-income individuals. Determining Affordability: To ascertain whether our apartments meet your budgetary needs, we recommend checking the current rental rates. It is essential to evaluate affordability based on your individual circumstances in light of the AMI. Features of Rose Street Apartments: Our complex boasts a total of 32 low-income apartments, providing a variety of housing options to suit your preferences. As demand for affordable housing remains high, waiting lists are common. Therefore, we urge you to contact us directly using the provided number to inquire about availability and the application process. Key Considerations: 1. LIHTC Units: Learn about the availability of Low-Income Tax Credit units for rent, which play a vital role in ensuring affordability. 2. Household Income: At the time of application, it is crucial to include and verify the income of all expected adult residents. Contact us for detailed information. Conclusion: If you are seeking an affordable housing solution in Foley, the Rose Street Apartments deserve your consideration. Take advantage of the LIHTC program and explore the rental rates to determine if our apartments align with your budget. Don't hesitate to contact us for further details. We look forward to assisting you in your search for quality, affordable housing.