Ogilvie Square Townhouses

About This Building

Title: Affordable Housing Option with Income Restrictions Subtitle: 309 & 329 W Anderson Street Apartments Introduction: If you are seeking affordable housing, look no further than the apartments at 309 & 329 W Anderson Street. These rentals are supported by the LIHTC program, ensuring applicable income and rent restrictions. LIHTC Program: Builders and developers who participate in the LIHTC program receive incentives to provide affordable housing for low-income individuals. The maximum rent charged is based on the Area Median Income (AMI), which may render this apartment unaffordable for some low-income individuals. Verify the current rental rates to determine affordability. Section 42 Credits: The LIHTC program is often referred to as Section 42 credits in reference to the corresponding section of the Internal Revenue Code. Waiting List: Due to high demand, many apartments have waiting lists. Use the contact information provided to directly inquire about the application process and qualifications for residency. Important Considerations: - LIHTC units require income verification for all adult residents. - Additional services include professional management, affordable rents, heat/water/sewer/trash included, accessible units, cable hook-ups, and storage space. - Convenient access to public transportation. Contact Information: For more details, contact CEPCO Management & Development at 32 Tenth Ave. S, Suite 109, Hopkins, MN 55343.