Gatewood Apartments

Gatewood Apartments Apartment Details

Total Apartments: 37
Total Low Income Apartments: 37
Gatewood provides Section 42, LIHTC (Low Income Tax Credit) apartment properties. The rents are based upon the Area Medium Income (AMI) and tenant based utility allowances. At least 20% of these apartments must provide these low rates for low-income tenants.

This affordable housing program is for individuals and families with moderate incomes allowing below market rents for those who qualify. The program is not a subsidized housing program as each resident is responsible for their full amount of rent each month. Rental amounts are based on the pre-set income limits in the geographic area and not based on your individual household income. To be income eligible, your total household 'gross' income must be less than the pre-set income limit for the area.

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	$975
Population in zip code	39,503
Median age of those living in this zip code	37.6
Average household income of those living in this zip code	$53,662
Average home value in this zip code	$157,619