Tanglewood Apartments

440 N Main St, Frankfort, Ohio 45628

Contact Tanglewood Apartments

Tanglewood Apartments, an affordable housing community consisting of one bedroom apartments for those 62 years of age, handicap/disabled at any age. Complex amenities include an energy star refrigerators, onsite manager and maintenance technician, parking, and community building with office, laundry, community room and patio. One bedroom accessible apartments available. Water, sewer and trash paid.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	-	From $500

Eligibility for Tanglewood Apartments

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Frankfort but actual income limits may differ for units at Tanglewood Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$27,450	$31,400	$35,300	$39,200	$42,350	$45,500	$48,650	$51,750
Low Income (60%)	$32,940	$37,680	$42,360	$47,040	$50,820	$54,600	$58,380	$62,100

Tanglewood Apartments Details

36 one bedroom units.
Water and Sewer utilities included in rent
Low-Income Housing Tax Credit (LIHTC)
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance

Property Amenities

Community Room
On-Site Manager
Laundry Room
On-Site Parking
On-Site Maintenance

Unit Amenities

Refrigerator
Water Trash and Sewer Included
Private Patios

Office Hours

Day	Hours
Monday	9:00am-5:00pm
Wednesday	9:00am-5:00pm

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.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.