The new construction of six apartment buildings containing a total of 36 townhome housing units for persons at or below 60 percent of the area median income. There will be six one-bedroom units, 18 two-bedroom units and 12 three-bedroom units.
This project has been funded and will begin construction soon.
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.