Gables Crossing Centreville

Gables Crossing Centreville Apartment Details

Section 42, LIHTC apartment:
Section 42 Low-Income Housing Tax Credit (LIHTC) is an affordable rental housing program.
The program referred to as either the low-income housing tax credit program or the rental housing tax credit program.
Section 42 is an affordable housing program established by the federal tax code that allows developers of affordable housing to receive a federal tax credit. In exchange, the developer agrees to keep the housing income restricted, rent restricted, and in safe, decent, and sanitary condition.
Eligibility to live at an LIHTC property is based on two factors:
(1) income eligibility and
(2) student status eligibility. The income and assets of all household members must be verified by the property management in accordance with program requirements. Once the total household income has been calculated, this is compared to the income limits in affect at the property. All Section 42 units are income restricted for households at or below 25%, 50%, or 60% of area median income AMI. If the applying household is determined to be income eligible, then it is eligible to move into the property.

TIP: Knowing About LIHTC (Low Income Tax Credit) units for rent. Income from all of the adults expected to reside at this apartment must be included and verified at application time. Call for more details.

Important information
Waiting Lists
Most low income apartments have waiting lists. Some of these lists can take years until you can be called for openings. The key is to try to get on as many waiting lists as possible.

Call The Apartments Directly
We provide phone numbers and websites. Call the apartments directly if they have openings or open waiting lists.

Apartment Rates
We provide current apartment rates on many listing pages. Most HUD listings do not have published rates. They are based on 30% of the renters adjustable gross income. You will need to contact the apartments to determine if you qualify for income based rent.

Apartment Rental and informational statistics for zip code

Median apartment rental rate in this zip code	$394
Population in zip code	6,078
Median age of those living in this zip code	47.6
Average household income of those living in this zip code	$52,550
Average home value in this zip code	$114,543