BELMONT FAMILY APARTMENTS
Belmont Family Apartments a new construction rental property in Exeter completed in 2016, consisting of 25 two-, three- and four-bedroom homes within three two-story, walk-up residential buildings and one two-story, walk-up community building. Residency is provided to families with incomes between 30 percent and 60 percent of Area Median Income (AMI).
Social services such as computer classes, financial literacy and resume building and health and wellness programs such as practical counseling and emotional support, crisis intervention and mental health assessments are being provided in the community building at no cost to residents. A play area for children is also included on the property.
The property, located in the western portion of Exeter, consists of approximately 2.46 acres on what was undeveloped land in an established neighborhood and is situated approximately 0.7 mile west of downtown Exeter. A shopping center with restaurants and other retail establishments, a grocery store, convenience stores, gas stations, a bank and a park are all within approximately 0.5 miles of the property. A Boys and Girls Club is located a mile east.
This property was financed using the Low-Income Housing Tax Credit (Housing Credit). Financing for Belmont Family Apartments was facilitated by R4 Capital. The developers are Pacific West Communities and Kaweah Management Company.