пятница, 9 сентября 2016 г.

Royal_Point_Apartments_301_N_Gross_Rd_Kingsland,_Camden_County,_Georgia_31548

Royal Point Apartments
301 N Gross Rd
Kingsland. Camden County. Georgia 31548


Funding Programs


Royal Point Apartments was developed and operates with Federal housing financing. The property utilizes the Low Income Housing Tax Credit Federal housing program to make rent affordable to lower income tenants.


Royal_Point_Apartments_301_N_Gross_Rd_Kingsland,_Camden_County,_Georgia_31548

Low Income Housing Tax Credit


The property was developed using the Low Income Housing Tax Credit Program. This program incentivizes investors to inject capital into rental apartments for lower income Americans. The property received a tax credit allocation in 1998. The property was placed in service in 2000. 144 of 144 units at Royal Point Apartments are low income and subject to the tax credit program. The property, at the time of the tax credit allocation, was not located in a Qualified Census Tract or a Difficult Development Area and was not qualified for additional tax credit funding.


Royal_Point_Apartments_301_N_Gross_Rd_Kingsland,_Camden_County,_Georgia_31548

Overview


Royal Point Apartments is an affordable apartment community located in Kingsland, Georgia which is located in Camden County. The property is located in Georgia's 1st Congressional District served by Representative Buddy Carter (R), Senator David Perdue (R) and Senator John Isakson (R).


Royal_Point_Apartments_301_N_Gross_Rd_Kingsland,_Camden_County,_Georgia_31548

Rental Subsidies


This property does not provide any Federal rent subsidies to renters reducing total tenant payments to 30% of their adjusted income. Renters are required to pay the full rent, even if it is in excess of 30% of their income. In some cases the property may accept Section 8 Housing Choice vouchers.



Royal_Point_Apartments_301_N_Gross_Rd_Kingsland,_Camden_County,_Georgia_31548


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