Avanti Residential has announced the launch of a new affiliate in Tampa, aimed at addressing the growing demand for affordable housing in high-growth metropolitan markets. This initiative focuses on leveraging the Low-Income Housing Tax Credit (LIHTC) program, which is designed to incentivize the development of affordable rental properties. By positioning itself strategically within these key urban areas, Avanti aims to enhance its portfolio and contribute positively to the housing landscape. The affiliate’s establishment underscores a commitment to meeting the urgent need for affordable housing solutions while fostering community development.
Key elements of the initiative include:
– **Tampa-Based Affiliate**: The new entity will operate from Tampa, a region experiencing significant economic growth.
– **Focus on LIHTC**: The affiliate will concentrate on projects funded by the Low-Income Housing Tax Credit, facilitating the construction of affordable housing.
– **High-Growth Markets**: By targeting metropolitan areas with dense populations and economic potential, Avanti seeks to maximize impact and returns.
– **Community Development**: The initiative emphasizes the importance of sustainable community growth and the alleviation of housing shortages.
You can read this full article at: https://wrenews.com/avanti-residential-unveils-lihtc-focused-affiliate/
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