The Low Income Tax Credit Program encourages for-profit and non-profit organizations to build affordable housing.
Applicants benefit from this access to affordable, below-market rents. .
Apartments offered at affordable rents to eligible seniors
- Managed by the Housing Authority
- One -bedroom apartments
- 2006 fixed monthly rents range from $565 to $684
- No rent subsidy
- Income is reviewed annually
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- Must be 62 years of age or older
- Income limits and rents at or below 60% of area median income
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