The Federal Government makes available tax credits to be used to fund affordable housing. Investors, usually local businesses, purchase the tax credits, thus lowering their tax burden, and enter into partnership with HOC to purchase housing that is rented to moderate income households. HOC manages 467 scattered site units that were funded this way, as well as Manchester Manor and Pond Ridge multifamily developments. Customers can apply through Housing Path. For further assistance, contact HOC Call Center at: 240.627.9400 or send an email to:
[email protected].