Affordable Housing ProgramsAffordable housing includes several programs, each with its own rent structure, income requirements, and eligibility rules. Related Affordable communities may participate in one or more of these programs depending on location and funding.While all programs are designed to keep housing affordable, they differ in how rent is calculated, how income is reviewed, and how long-term affordability is maintained. The sections below provide a general overview of the most common programs you may see in our communities. Programs Learn More Learn More Learn More What Is the LIHTC Program?The Low-Income Housing Tax Credit (LIHTC) program helps make apartment homes more affordable by offering rents below market rates.The rent is offered at a reduced, value-based rate that is priced below market rates and based on local income data provided by the federal government.To qualify, households must meet income requirements based on household size and area median income (AMI). Low-Income Housing Tax Credit (LIHTC) How LIHTC Housing Helps ResidentsRents are set at affordable levels and remain stable over timeApartment homes are professionally owned and managedLong-term affordability provides stability and peace of mind Who Pays the Rent?In LIHTC communities:Residents pay rent directly to the propertyRent amounts are set based on program guidelines, not individual or household income after move-inMany of our communities are layered with other affordable programs including Project-Based-Section-8 Low-Income Housing Tax Credit (LIHTC) Using a Housing Choice VoucherIf you have a Housing Choice Voucher issued by a local housing agency, it may be used at LIHTC communities. When accepted, the voucher can cover part or all of the monthly rent. Residents may be responsible only for any remaining balance not covered by the voucher.Who Qualifies?To qualify for a LIHTC apartment, applicants must:Meet income limits based on a percentage of the Area Median Income (AMI)Provide income and household documentationMeet student eligibility requirementsSatisfy all other affordability restrictions, screening & eligibility criteria Income limits vary by state, county, and city.Important to KnowLIHTC is one of several affordable housing programs, and requirements differ by community. This information is a general overview and does not include all program rules or eligibility requirements.Households may not combine Housing Choice Voucher with Project-Based Rental Assistance. The best way to determine whether you qualify is to contact the community directly. Other Affordable Housing Programs You May Benefit From Project-Based Section 8In Project-Based Section 8 communities, the subsidy is tied to the apartment, not the resident. The property provides rental assistance, and residents typically pay 30% percent of their income toward rent & utilities. When income and household statuses change, the rent amount will update appropriately.HOME ProgramThe HOME program supports affordable housing through rental assistance and development funding. Income limits and requirements vary based on local administration. Additional paystubs are required. Income Limits and AMI ExplainedMost affordable housing programs use income limits based on a percentage of the Area Median Income (AMI) for the community’s location, as set by the federal government.Common income thresholds include: 30% AMI50% AMI60% AMI80% AMI Additional Eligibility and PreferencesSome communities may have additional eligibility requirements or preferences based on program guidelines or local needs. These may include:Senior or age-restricted housingHousing for individuals with disabilitiesVeterans or active service membersArtists or live/work communitiesResidents receiving supportive or mental health servicesPreferences vary by community and do not guarantee housing. Welcome Home Application steps and required documents vary by community.To start the process or learn how to apply, visit our How to Apply page for next steps and property-specific guidance. How to Apply
