Beaufort Manor Apartments

About This Building

Number of Apartments: 35 Residences Type of Apartments: Family-Friendly Dwellings Financial Assistance: Low Income Housing Tax Credit (LIHTC) Program Benefits of LIHTC Program: Boosting Affordable Housing Supply Overview: This residential complex comprises 35 modern apartments, specifically designed to cater to the needs of families. The development has been made possible through the utilization of the Low Income Housing Tax Credit (LIHTC) Program. Established as an indirect Federal subsidy, the LIHTC Program serves the purpose of financing the creation of affordable rental housing for low-income households. Understanding the LIHTC Program: While the LIHTC Program may appear intricate at first glance, it has proven to be an effective tool for numerous local housing and community development agencies. By leveraging these tax credits, these agencies have successfully bolstered the availability of affordable housing options within their respective communities. Expanding the Availability of Affordable Housing: The implementation of the LIHTC Program has brought about a positive impact by increasing the supply of affordable rental homes. It is worth noting that local housing and community development agencies have been instrumental in harnessing the benefits of the LIHTC Program to cater to the housing needs of low-income households.