Calabash Virgin Islands



Keywords: Calabash Virgin Islands
Description: Calabash Boom is an affordable housing community serving low income renters in St. John, Virgin Islands. Calabash Boom participates in the Low Income Housing Tax Credit federal program(s).

Calabash Boom 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.

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 8888. 47 of 48 units at Calabash Boom 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.

Calabash Boom is an apartment community containing 47 rental units. The property contains 143 bedrooms and based on typical apartment occupancy limits, Calabash Boom is home to not more than 286 † persons when fully occupied.




Photogallery Calabash Virgin Islands:



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