St. Mary's Apartments

About This Building

Affordable Housing Option in Dubuque, IA - St. Mary's Apartments Introduction: Discover St. Mary's Apartments, a Low-Income Housing Tax Credit apartment in Dubuque, IA. If you're seeking affordable housing, these rental apartments are supported by the LIHTC program, offering income restrictions and program rent. Incentivizing Affordable Housing: The LIHTC program encourages builders and developers to provide housing options for low-income individuals. By participating in this program, St. Mary's Apartments sets its maximum rent based on the Area Median Income (AMI). However, it's essential to note that the AMI may still render this apartment unaffordable for some low-income persons. Determining Affordability: To ascertain whether St. Mary's Apartments fits your budget, we advise you to check the current rental rates. Depending on your financial situation, this option may still be accessible or slightly beyond reach due to the AMI factor. Apartment Details: St. Mary's Apartments offers 77 one bedroom apartments specifically designed for low-income individuals. These apartments provide comfortable living spaces for those in need of affordable housing options. Applying for St. Mary's Apartments: As demand for affordable housing is high, waiting lists are common for most apartments nowadays. To inquire about availability and determine your eligibility, we recommend contacting St. Mary's Apartments directly using the provided phone number. HUD Subsidies: One of the advantages of choosing St. Mary's Apartments is their acceptance of HUD subsidies. If you qualify for low-income housing and there are available apartments, the rent will be calculated based on 30% of your Adjusted Gross Income. Please reach out for specific details on this aspect. Conclusion: St. Mary's Apartments in Dubuque, IA, is a promising affordable housing option supported by LIHTC with income restrictions. Its 77 low-income one bedroom apartments offer an opportunity for those seeking reasonably priced accommodations. Feel free to contact them to discuss availability and determine your eligibility.