Welcome to Pentacle Apartments where we provide affordable housing options through the Low-Income Housing Tax Credit (LIHTC) program. This program offers quality living for individuals and families who meet specific income guidelines, making comfortable and affordable housing a reality.

What is the LIHTC Program?

The Low-Income Housing Tax Credit (LIHTC) is a federal program designed to encourage the development of affordable rental housing. It provides tax incentives to property owners who develop, rehabilitate, or preserve affordable housing for low-income households. This means that qualified residents can benefit from reduced rental rates, based on their income and household size.

Who Qualifies for Affordable Housing?

To qualify for our affordable housing options, residents must meet specific income guidelines determined by household size and annual income. These guidelines are based on the Area Median Income (AMI), and applicants must fall below a certain percentage of the AMI to be eligible.

The program is designed to ensure housing remains affordable for individuals and families with lower incomes, and it helps to create stable, affordable communities.

How Do I Qualify?

To qualify, you must:

               • Meet income eligibility requirements (see chart below)

               • Provide proof of household size

               • Submit a completed rental application

               • Provide additional required documentation for verification

Please note that our apartments are reserved for residents who qualify under the income limits established by the LIHTC program.