Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. LIHTC properties were first built in the late 1980's. LIHTC properties nationwide are required to accept housing vouchers.
For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. Our data suggests Milo Apartments does not participate in any project-based rent subsidy program. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area.
The LIHTC program only provides subsidies to the building’s owner at construction. This LIHTC property is among the most common types of affordable rental housing in the United States.
