Charles Place Russellville

About This Building

Title: Affordable Housing at Charles Place Russellville, AL Introduction: Welcome to Charles Place Russellville, a Low-Income Housing Tax Credit apartment situated in Russellville, AL. If you are searching for an affordable housing option, these rental apartments are backed by the LIHTC program, ensuring rent and income restrictions for eligible individuals. Affordability Based on Area Median Income: To provide accommodation to low-income individuals, the LIHTC offers incentives to builders and developers. The maximum rent charged for this apartment is determined by the Area Median Income (AMI). However, it is important to note that the AMI may render this apartment unaffordable for some low-income individuals. Rental Rates and Availability: It is essential to check the current rental rates to determine whether this accommodation is affordable for you. With 48 low-income apartments available, it is worth considering that many apartments nowadays have waiting lists. We have provided the contact information so that you can directly inquire about the application process and see if you qualify. Important Note: LIHTC Units for Rent Be aware that income from all the adults expected to reside at this apartment must be included and verified during the application process. For more details, please call the provided number. Conclusion: Charles Place Russellville offers an attractive opportunity for individuals seeking affordable housing in Russellville, AL. Explore the rental rates and eligibility criteria to secure a suitable living space.