East West Townhouses is a new construction development that consists of 20 units of affordable housing for families earning up to 60% of the Area Median Household Income. The property spans two sites, with ten units at each location. In total, the development contains 16 two-bedroom townhouses and four three-bedroom townhouses ranging in size from 800 to 1,000 square feet. Relative to comparable in the areas, each unit includes superior amenities, including in-unit washers and dryers.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Two Bedroom (2/1) | 800 | Call for Price |
Three Bedroom (3/1) | 800 | Call for Price |
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.