Drexel Street Property

About This Building

Affordable Housing Option at Drexel Street Property Chicago, IL - Seeking affordable housing in Chicago? Look no further than Drexel Street Property Chicago, an apartment complex supported by the Low-Income Housing Tax Credit (LIHTC) program. - LIHTC incentivizes builders and developers to provide affordable housing for low-income individuals, ensuring that rental apartments are accessible and affordable for those with program rent and income restrictions. - Rent charges are determined based on the Area Median Income (AMI), which means that the AMI may pose challenges for some low-income individuals in affording this apartment. It is recommended to check the current rental rates to determine affordability. - With 61 low-income apartments available, waiting lists are common. However, by contacting the property directly at the provided number, you can inquire about eligibility and the application process. - Important Tip: Familiarize yourself with LIHTC (Low Income Tax Credit) units for rent, as income from all adults intending to reside here must be included and verified during the application process. - Variety of apartment options available: - 1 bedroom apartments at this location - 2 bedroom apartments at this location - 3 bedroom apartments at this location - 4 bedroom apartments at this location For further details, kindly call for more information.