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Affordable Housing Option in San Francisco: Apollo Hotel Introduction: - Discover an affordable housing option in San Francisco at Apollo Hotel. - This Low-Income Housing Tax Credit (LIHTC) apartment offers rental apartments with income and rent restrictions. LIHTC Program: - The LIHTC program incentivizes builders and developers to provide affordable housing for low-income individuals. - Rent is determined based on the Area Median Income (AMI), ensuring affordability. - However, the AMI may still pose challenges for some low-income individuals. Rental Rates: - Check the current rental rates to determine affordability for you. - Please note that this apartment might be unaffordable for low-income individuals due to the AMI guidelines. Number of Apartments: - Apollo Hotel offers a total of 80 low-income apartments. - Given the high demand, waiting lists for apartments are common nowadays. Application Process: - Contact Apollo Hotel directly using the provided phone number to inquire about eligibility and application. - Ensure that income details of all adults intending to reside in the apartment are included and verified during the application process. - Feel free to call for more detailed information. Conclusion: - LIHTC units for rent at Apollo Hotel provide an excellent opportunity for affordable housing in San Francisco. - Take advantage of this program and reach out to determine your eligibility and secure a low-income apartment.
422 Valencia St, San Francisco, CA 94103
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