About This Lake Street Terrace - MA
Lake Street Terrace in Chatham, MA is an apartment complex that offers low-income housing for those in need. Supported by the Low-Income Housing Tax Credit (LIHTC) program, these rental apartments have rent and income restrictions to ensure affordability for low-income individuals. The LIHTC program offers incentives to builders and developers to create affordable housing for those who need it. The maximum rent charged is based on the Area Median Income (AMI), but despite this, the apartment may still be unaffordable to some low-income individuals. Interested applicants can check the current rental rates to determine if they can afford to live here. The complex has 44 one, two, and three bedroom apartments for low-income individuals. The office hours are Mon-Fri 8 am - 4 pm. As is common with many affordable housing options, there may be waiting lists, so interested individuals should contact the complex directly at the provided number to see if they qualify to apply for residency.
How to apply
Public housing is a form of housing tenure in which the property is usually owned by a government
authority, either central or local. The federal Housing and Urban Development (HUD) department
addressed concerns of distressed properties and blighted superblocks with revitalization and funding
projects for the renewal of public housing to decrease its density and allow for tenants with mixed
income levels.
1. Check Your Eligibility Criteria
2. Search For Your Local Housing Authority
3. Fill In And Submit The Application Form
4. Check Your Waiting List Status
5. Move Into An Unit
Statement
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