![]() Unless the apartment is subject to other housing program requirements that do have a citizenship requirement.There is no requirement to have children.Single persons are eligible for an apartment. There is no requirement to have a family.It is first worth noting some conditions that are not taken into account when applying for an apartment: If an applicant does not meet the federal requirements, they will not get the apartment. Treasury.īefore applying for a LIHTC apartment, it’s important to start by reviewing the qualifications. These rules are set by the Internal Revenue Service of the U.S. Remember, a property's status can change so you should contact the property to confirm.The Low-Income Housing Tax Credit (LIHTC) program has some basic requirements to get approved. Tracy Garden Apartments listing on Affordable Housing Online was last updated on by Affordable Housing Online research staff. When was the Tracy Garden Apartments listing last updated? Our data research shows that there are a total of 730 affordable units in Tracy. In addition to Tracy Garden Apartments, we list 6 other affordable properties in Tracy. ![]() In addition to Tracy Garden Apartments, how many other affordable housing properties (and units) are there in Tracy? We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property. We haven't confirmed if this is the case, so you should contact the property to confirm.Īre rents subsidized at Tracy Garden Apartments? Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. Tracy Garden Apartments probably has a waiting list. Renters qualify for different housing programs if their income is below a specified percentage of AMI.ĭoes Tracy Garden Apartments have a waiting list? Renters qualify for different housing programs if their income is below a specified percentage of AMI. Income Qualification for Tracy Garden Apartments*AMI: Area Median Income. This property might be right for you if you need help paying your rent and are willing to wait for a longer waiting list. Because they tend to be newer or renovated, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties tend to have shorter waiting lists however, since Tracy Garden Apartments has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. You would not pay more than 30% of your income for rent. This property does participate in the Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your income. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. The LIHTC program only provides subsidies to the building’s owner at construction. This LIHTC property is among the most common types of affordable rental housing in the United States. Dave's Thoughts On Tracy Garden Apartments
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