Cornerstone Senior Apartment Homes

18221 Euclid Ave, Cleveland, Ohio 44112

Cornerstone Senior Apartment Homes, located at 18221 Euclid Ave in Cleveland, has two bedroom apartments. Cornerstone Senior Apartment Homes participates in the Low-Income Housing Tax Credit (LIHTC) program.

Units

Unit (Bd/Ba) Ft2 Rent
The Villager (2 Bedroom) (2/1) 850 $628

Cornerstone Senior Apartment Homes Details

  • 50 two bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Controlled Access
  • Elevator
  • Community Room
  • Clubhouse
  • Organized Activities
  • Energy Star Appliances
  • Laundry Facilities
  • Pet Friendly

Unit Amenities

  • Handicapped Accessible
  • Window Coverings
  • Kitchen Pantry
  • Linen Closets
  • Bathroom Grab Bars
  • Intercom System
  • Cable & Internet Ready
  • Fully Equipped Kitchen
  • Coat Closets

About Cornerstone Senior Apartment Homes

Located in Cleveland, Ohio, Cornerstone Senior Apartment Homes boasts distinctive 2-bedroom apartments featuring fully equipped kitchens, abundant closet space and much more! With a staff dedicated to your happiness, you will find yourself in a warm, friendly atmosphere complemented by beautiful landscaping and a sense of community that will have you feeling right at home. We welcome you to visit us today!

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.

Cleveland Low-Income Housing Tax Credit Income Limits

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 Cleveland but actual income limits may differ for units at Cornerstone Senior Apartment Homes.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $25,800 $29,500 $33,200 $36,850 $39,800 $42,750 $45,700 $48,650
Low Income (60%) $30,960 $35,400 $39,840 $44,220 $47,760 $51,300 $54,840 $58,380

Cornerstone Senior Apartment Homes was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Cornerstone Senior Apartment Homes is managed by The NRP Group LLC.

Image of Cornerstone Senior Apartment Homes
Image of Cornerstone Senior Apartment Homes
Image of Cornerstone Senior Apartment Homes

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