Rainbow Place Apartments

About This Building

Rainbow Place Apartments: Affordable Low-Income Housing in Cleveland, OH Affordable Rental Apartments: Supported by LIHTC Looking for an affordable housing option in Cleveland, OH? Rainbow Place Apartments offers Low-Income Housing Tax Credit (LIHTC) supported rental apartments. These apartments are designed to cater to low-income individuals and families, subject to program rent and income restrictions. Incentivizing Affordable Housing The LIHTC program encourages builders and developers to provide housing options for low-income individuals. The maximum rent charged for these apartments is based on the Area Median Income (AMI). However, it's important to note that for some low-income individuals, the AMI may still make these apartments unaffordable. We recommend checking the current rental rates to determine affordability. Multiple Apartment Options Rainbow Place Apartments offers 181 one and two bedroom apartments for low-income individuals. Due to the high demand for affordable housing, waiting lists may be in place. To inquire about availability and eligibility, we provide the contact information for direct communication. Features and Amenities Rainbow Place Apartments offers a range of features and amenities to enhance your living experience. These include: - All Utilities Included - Patio - Water/Sewer Included - On-Site Laundry - Community Room - Balconies - Fitness Center Office Hours The office at Rainbow Place Apartments is open from Monday to Friday, 8:00 AM - 12:00 PM and 1:00 PM - 5:00 PM. Feel free to visit during these hours to gather more information or schedule a visit. Important Application Details When applying for an apartment at Rainbow Place, please ensure that the income of all adults residing at the apartment is included and verified. Call for further details on application requirements and processes. Apartment Options Available At Rainbow Place Apartments, there are both one and two bedroom apartments available. Choose the option that suits your needs. By providing this information, we aim to assist you in understanding the LIHTC program and its benefits for low-income individuals seeking affordable housing.