Channel Wood Village Akron

About This Building

Affordable Housing Option in Akron, OH: Channel Wood Village Akron - Introduction: Channel Wood Village Akron offers Low-Income Housing Tax Credit (LIHTC) apartments, providing an affordable housing option for individuals in Akron, OH. - Rental Benefits: Supported by the LIHTC program, these rental apartments come with applicable rent and income restrictions, ensuring affordability for low-income individuals. - Incentives for Affordable Housing: The LIHTC program encourages builders and developers to offer housing options to low-income persons by providing incentives. - Rent Based on Area Median Income: The maximum rent charged for this apartment is determined by the Area Median Income (AMI), which may still pose affordability challenges for low-income individuals. - Checking Rental Rates: To determine if the rent is affordable for you, it is important to check the current rental rates. Please consult the provided information. - Abundance of Low-Income Apartments: Channel Wood Village Akron offers 219 low-income apartments, however, waiting lists are common in today's rental market. - Applying for Residence: To explore the possibility of living here, feel free to contact the management directly using the provided phone number. They can provide further details and assist with the application process. - Considerations for LIHTC Units: All adults expected to reside in this apartment must include and verify their income during the application process. Call for more information.