Exchange Place Towers

About This Building

Affordable Housing Option at Exchange Place Towers in Waterbury, CT 1. Low-Income Housing Tax Credit (LIHTC) Support If you are in search of an affordable housing option, Exchange Place Towers, located in Waterbury, CT, offers rental apartments supported by the LIHTC program. These apartments come with rent and income restrictions according to the applicable program, ensuring affordability for qualified individuals. 2. Incentives for Affordable Housing Builders and developers are encouraged to provide affordable housing to low-income individuals through the LIHTC program. This initiative offers incentives to promote the availability of reasonably priced accommodations. The maximum rent charged is determined based on the Area Median Income (AMI). 3. Considerations for Low-Income Individuals While Exchange Place Towers aims for affordability, the AMI restrictions may make it unaffordable for some low-income individuals. To determine if the rental rates align with your budget, it is advisable to check the current rates before making a decision. The apartment complex features one and two-bedroom apartments designed for low-income residents. 4. Office Hours and Waiting Lists The office hours at Exchange Place Towers are Monday to Friday, from 9:00 am to 4:30 pm. It's important to note that many apartments nowadays have waiting lists due to high demand. To apply and determine your eligibility for residency, feel free to directly contact the apartment complex using the provided phone number. 5. Acceptance of HUD Subsidies Exchange Place Towers accepts HUD subsidies. This means that if you qualify for low-income housing, and there are available apartments, the rent is based on 30% of your Adjusted Gross Income. For more specific information, please call the provided number. 6. Apartment Options Exchange Place Towers offers both one-bedroom and two-bedroom apartments for low-income individuals. To inquire about availability and further details, refer to the headings below: - 1 Bedroom Apartments at Location - 2 Bedroom Apartments at Location