The Apex is a brand new apartment community with 256 apartments available to households earning between 40% and 80% of the Area Median Income (AMI). More than 80% of the apartments will include two or three bedrooms.
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.
The Apex is managed by AHC Management LLC.