Pointe Del Sol 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 2007 for $539,974 with a 10 year value of $5,399,740.
The property was placed in service in 2008.
150 of 150
units at Pointe Del Sol 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.
Pointe Del Sol 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).
Pointe Del Sol is an apartment community containing 150 rental units.
This property serves all family types. The property contains 226 bedrooms and based on typical apartment occupancy limits, Pointe Del Sol
is home to not more than 459† 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.
Pointe Del Sol contains a mix of 150 assisted
studio, one, two, and three bedroom apartments for rent. There are 30 Studio, 46 One Bedroom, 42 Two Bedroom, and 32 Three Bedroom apartments in this property. The unit mix is 20% Studio, 31% One Bedroom, 28% Two Bedroom, and 21% Three Bedroom apartment rentals. The average bedroom size for Pointe Del Sol is 1.51.