About This Cass Lake Square Townhomes
Grant Utley Ave SW offers rental apartments that are supported by the LIHTC and fall under the Rural Development & Section 42 program type. These apartments provide an affordable housing option for low-income individuals, with applicable program rent and income restrictions. The LIHTC incentivizes builders and developers to offer affordable housing units to low-income persons, with the maximum rent based on the AMI, Area Median Income. However, the AMI may make the rent unaffordable for some low-income persons. Interested individuals can check the current rental rates to determine affordability. The credits are also known as Section 42 credits, referencing the applicable section of the Internal Revenue Code. Waiting lists for these apartments are common, and individuals can contact the management directly at the listed number to apply and qualify for residency. It is important to note that income from all expected adult residents must be verified at application time. The apartments offer professional management, oak cabinetry in kitchens and baths, and inclusive utilities such as heat, water, sewer, and trash. Accessible units are also available, and cable hook-ups and a playground are provided. Garages are available for rent with additional fees. Contact CEPCO Management & Development for more information.