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Affordable Housing Option Supported by LIHTC Program Looking for an affordable housing option? These rental apartments are supported by the LIHTC program, which imposes rent and income restrictions for eligible individuals. Incentives for Builders and Developers The LIHTC program provides incentives to builders and developers to create affordable housing options for low-income individuals. The maximum rent charged is determined based on the Area Median Income (AMI). However, it is important to note that the AMI threshold may still render this apartment unaffordable for low-income individuals. Please check the current rental rates to assess affordability. Section 42 Credits The LIHTC credits are commonly referred to as Section 42 credits, named after the corresponding section of the Internal Revenue Code. Contact for Availability Due to high demand, most apartments have waiting lists. We provide the contact information below, so you can directly reach out to inquire about availability and eligibility. Important Considerations When applying for a rental at this apartment, it is crucial to include and verify the income of all expected adult residents. For more information, kindly call the provided contact number. Services Offered - Professionally Managed - Affordable Rents - Oak Cabinetry in all kitchens & baths - Heat / Water / Sewer / Trash Included - Accessible Unit Available - Community Room Contact Information For further details and inquiries, please reach out to: CEPCO Management & Development 32 Tenth Ave. S, Suite 109 Hopkins, MN 55343
7825 Church Street, Clear Lake, MN 55319
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