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Affordable Housing Option in Albuquerque, NM: Lifestyles Apartments at Renaissance Incentivizing Affordable Housing: Low-Income Housing Tax Credit Looking for an affordable housing option in Albuquerque, NM? Lifestyles Apartments at Renaissance, a Low-Income Housing Tax Credit (LIHTC) apartment, might be the perfect fit for you. These rental apartments are supported by the LIHTC program, which imposes rent and income restrictions to assist low income individuals and families. AMI-Based Rent Restrictions: Ensuring Affordability The LIHTC incentivizes builders and developers to provide affordable housing options to low income persons. The maximum rent charged by Lifestyles Apartments at Renaissance is determined based on the Area Median Income (AMI). However, it is important to note that this AMI-based rent structure might still render this apartment unaffordable for some low income individuals. To evaluate its affordability for you, please check the current rental rates. One and Two Bedroom Apartments: Offering Variety Lifestyles Apartments at Renaissance features 100 low income one and two bedroom apartments. This variety of options allows prospective residents to select the most suitable space for their needs. Apply and Qualify: Contact the Apartments Given the high demand for affordable rentals, waiting lists are common in today's housing market. To inquire about availability and eligibility criteria for Lifestyles Apartments at Renaissance, please contact the management directly using the provided phone number. Consider this affordable housing opportunity at Lifestyles Apartments at Renaissance, offering LIHTC-supported rentals in Albuquerque, NM.
4920 Union Way NE, Albuquerque, NM 87107
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