Boston Capital is investing in the rehabilitation of Cumberland Village Apartments, a 60-unit development for families located in Middlesboro, KY. The development will be rehabilitated with tax credit equity from the Low Income Housing Tax Credit (LIHTC) program. The rehabilitation of Cumberland Village Apartments will generate $3.3 million in local salaries and create approximately 36 construction jobs in the Middlesboro area. Boston Capital’s investment in the development adds 60 units of affordable housing to its apartment portfolio.
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