Finding an affordable apartment can be a daunting task, especially when you’re unsure of the programs you qualify for. At ITEX, we understand this challenge and are dedicated to providing accessible housing options to individuals and families across our 65 properties. In this blog post, we will help you navigate the spectrum of affordable housing by explaining the different types of units available – market rate units, tax credit units, and low-income units – so you can find the perfect home that meets your needs and budget.
Market Rate Units: Affordable Living in Desirable Locations:
Our market rate units are designed to strike a balance between affordability and choice. These units are not income-restricted, meaning they are available to a wide range of applicants. If you’re looking for an affordable place to live in a desirable location, our market rate units offer competitive prices without the income limitations associated with other programs.
Tax Credit Units: Bridging the Gap for Lower-Income Households:
Tax credit units, also known as Low-Income Housing Tax Credit (LIHTC) units, are specifically designed to promote affordability for individuals and families with limited incomes. These units are made available through tax incentives provided to developers. They bridge the gap between market-rate rents and what lower-income households can afford, ensuring that affordable options are within reach.
Low-Income Units: Providing Stability and Opportunities for Growth:
Our commitment to affordable housing extends to our low-income units, which are subsidized through federal or state programs. These units cater to individuals and families with limited financial resources, ensuring that even the most vulnerable members of our communities have access to safe and affordable housing. These programs include Section 8 Housing Choice Vouchers and public housing, providing stability and opportunities for growth.
At ITEX, we offer a diverse range of affordable housing options, including market rate units, tax credit units, and low-income units. We are here to help you find the perfect community that meets your needs and budget. Our inclusive communities and commitment to your well-being make us the ideal partner in your search for affordable housing.
Ready to find your new apartment? Browse our portfolio of properties today and discover the possibilities that await you!