Stableford Crossing, located at 265 S West St in West Union, has one and two bedroom apartments. Stableford Crossing participates in the Low-Income Housing Tax Credit (LIHTC) and Section 515 Rural Rental Housing programs.
|1 Bedroom (1/1)||660||$450|
|2 Bedroom (2/1)||860||$517|
Stableford Crossing serves residents 62 and older, handicapped/ disabled and offers 1 and 2-bedroom apartments at a convenient location in West Union, Ohio. The spacious apartments include energy efficient electric appliances, washer/dryer hookups, and patios. Our community features a laundry facility, clubhouse, and more. Stableford Crossing is 10-minutes from West Union Public Library, 5-minutes from shopping and dining, and is 15-minutes from Adams Lake State Park.
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.
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.
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 West Union but actual income limits may differ for units at Stableford Crossing.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$22,900||$26,200||$29,450||$32,700||$35,350||$37,950||$40,550||$43,200|
|Low Income (60%)||$27,480||$31,440||$35,340||$39,240||$42,420||$45,540||$48,660||$51,840|
Stableford Crossing 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.
Stableford Crossing is managed by Woda Cooper Companies, Inc..