About This Braham Square Townhouses
The rental apartments located at 507 3rd Street SW, 511 3rd Street SW, and 515 3rd Street SW fall under the Rural Development and Section 42 program. These are affordable housing options supported by LIHTC for people with low incomes. The program sets a maximum rent based on the Area Median Income (AMI), which can still be unaffordable for some low-income individuals. To check if you qualify, it's recommended to compare your current rent with the program rent and income limits.
The LIHTC is a tax credit that incentivizes builders and developers to provide affordable housing to low-income people. These credits are also referred to as Section 42 credits due to their provisions in the Internal Revenue Code. There is typically a waiting list for these apartments, but interested applicants can contact the management directly to see if they qualify.
The apartments are professionally managed and offer affordable rents, with oak cabinets in kitchens and bathrooms. The rental fee also includes utilities such as heating, water, sewage, and garbage. Cable connections are available, and there is a community room. Accessible units are available for those with mobility issues. When applying for an apartment, the income of all adults expected to reside in the unit must be included and verified.
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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