Legacy Bungalows capital Mews Apts 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.
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 2000.
The property was placed in service in 2002.
72 of 200
units at Legacy Bungalows capital Mews Apts are low income and subject to the tax credit program.
The property, at the time of the tax credit allocation,
was located in
a Qualified Census Tract qualifying it for additional tax credit financing.
Legacy Bungalows capital Mews Apts is an affordable apartment community located in Phoenix, Arizona
which is located in Maricopa County.
The property is located in Arizona's 6th Congressional
District served by Representative David Schweikert (R),
Senator John McCain (R) and Senator Jeff Flake (R).
Legacy Bungalows capital Mews Apts is an apartment community containing 182 rental units.
The property contains 306 bedrooms and based on typical apartment occupancy limits, Legacy Bungalows capital Mews Apts
is home to not more than 573† persons when fully occupied.
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.
Legacy Bungalows capital Mews Apts contains a mix of 182 assisted
one, two, and three bedroom apartments for rent. There are 78 One Bedroom, 84 Two Bedroom, and 20 Three Bedroom apartments in this property. The unit mix is 43% One Bedroom, 46% Two Bedroom, and 11% Three Bedroom apartment rentals. The average bedroom size for Legacy Bungalows capital Mews Apts is 1.53.