The recently opened Red Maple Villas is a new, fully occupied 40-unit senior affordable housing project with amenities including a community room with on-site laundry facility, fitness center and business center, plus 69 parking spaces, 22 of which are covered. Red Maple Villas is located near a healthcare facility, daily services, shopping, restaurants and recreational amenities. The project also offers supportive services at no additional cost to tenants.
Eligibility for Red Maple Villas
Red Maple Villas Details
- 40 bedroom units.
- Low-Income Housing Tax Credit (LIHTC)
Low-Income Housing Tax Credit (LIHTC)
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
Images of Red Maple Villas
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