Affordable Housing

The Affordable Housing Tax Credit program was created by Congress in 1986 to provide an incentive to private developers to develop quality housing at affordable rents.  Since 1986, the program has become the most successful affordable rental housing program in our country’s history.  Through programmatic rent and income restrictions, the program serves low- to moderate-income individuals and households. Each state manages an application process, whereby interested developers compete for housing tax credit awards.  Due to the very competitive landscape and heavy time requirements, it is difficult to business plan around the Housing Tax Credit program.  However, The Fortus Group recognizes the social and strategic value of the Program, and it will play an important complementary role in our overall planning.

Fortus Chairman, Adam Probst, has been involved in the housing tax credit industry since 1995, and other team members also have extensive experience in the business.  Overall, Fortus team members have participated in more than 60 awarded developments, across 10 states.

Heron Preserve Apartments II

35 unit Affordable Housing deal developed in 2005 under a previous partnership.

Stellhorn Apartments

80 unit Affordable Housing deal developed in 2005 under a previous partnership.

Heron Preserve Apartments

64 unit Affordable Housing deal developed in 2005 under a previous partnership.

Hamilton Pointe Apartments

104 unit Affordable Housing deal developed in 2004 under a previous partnership.

Tillwater Pointe Apartments

96 unit Affordable Housing deal developed in 2004 under a previous partnership.

Hauenstein Hills Apartments II

56 unit Affordable Housing deal developed in 2003 under a previous partnership.

Chestnut Hills Apartments

88 unit Affordable Housing deal developed in 2002 under a previous partnership.

North Shapleigh Apartments

96 unit Affordable Housing deal developed in 2000 under a previous partnership.

Pine Grove Apartments

58 unit Affordable Housing deal developed in 1999 under a previous partnership.

Newburyport Apartments

48 unit Affordable Housing deal developed in 1998 under a previous partnership.

Hauenstein Hills Apartments

48 unit Affordable Housing deal developed in 1998 under a previous partnership.

Orchard Place Apartments

80 unit Affordable Housing deal developed in 1996 under a previous partnership.

North Ridge Apartments

40 unit Affordable Housing deal developed in 1996 under a previous partnership.

Carmel Ridge Apartments

48 unit Affordable Housing deal developed in 1995 under a previous partnership.

Lange Apartments

56 unit Affordable Housing deal developed in 2003 under a previous partnership.

Pike Lake Pointe Apartments

64 unit Affordable Housing deal developed in 2002 under a previous partnership.