Anderson celebrates grand opening of Aston Pointe Apartments

Anderson, SC – Today marked a special occasion at Aston Pointe Apartments in Anderson, S.C. as the 90-unit development celebrated its grand opening. 

Aston Pointe is a fantastic addition to South Carolina’s affordable housing offerings and it’s something SC Housing is proud to be a part of. The development was funded in part through the state’s Low-Income Housing Tax Credit (LIHTC) program which is administered by SC Housing. 

The LIHTC program is designed to provide for-profit and nonprofit developers with an incentive to create and maintain affordable housing. 

This is the country’s most extensive affordable housing program. Developments that may qualify for credits include new construction, acquisition with rehabilitation, rehabilitation and adaptive reuse. 

Owners of and investors in qualifying developments can use the credit as a dollar-for-dollar reduction of federal income tax liability. Allocations of credits are used to leverage public, private and other funds in order to keep rents to tenants affordable.

Media Contact: Matthew McColl
Marketing and Public Information Director
matthew.mccoll@schousing.com
803-896-9520

SC Housing is a self-sustaining housing finance agency committed to ensuring that South Carolinians have the opportunity to live in safe, decent and affordable housing. Agency operations are supported by a funding base that includes fees and other revenue earned through the administration of agency programs. For more information, visit SCHousing.sc.gov.