chestnut pointe apartments and townhomes

The Opportunity

Chestnut Pointe Apts. & Townhomes is a 104-unit affordable housing community located in Harrisburg, PA. Situated in the heart of a prime shopping district, the area boasts boutique-style restaurants, countless shopping centers, and easy access to the I-76 (PA Turnpike), I-83, I-81, and Route 322. Harrisburg Mall is adjacent to the property and offers even more shopping and entertainment opportunities. The property is also conveniently located within 15 minutes of Downtown Harrisburg and the Susqehanna River.

The property was built and placed in service in 1997 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There is an existing regulatory agreement in place which requires all units to be rented to income qualifying residents earning no more than 50% & 60% of the Area Median Income (AMI) limits provided by the Pennsylvania Housing Finance Agency (PHFA).

Chestnut Pointe Apts. & Townhomes offers three and four bedroom apartment homes that feature full size washer/dryers, private patios/balconies, ceiling fans, spacious closets with built in shelves, wood-style flooring, and smart home technology. The community offers a resort-style swimming pool, basketball court, playground, picnic/bbq grill, off-leash dog park, business center, on-site management, complimentary coffee bar, and pest control services.