Located in Marathon Key - Boatworks Apartments is a 52 unit multifamily development situated on a 2 acre site. With Housing Credit and SAIL programs in effect, Boatworks will remain income and rent restricted for 50 years from the placed in‐service date (15‐year compliance period followed by 35‐year extended use period). The development maintains set asides for 6% of its units for households earning 25% or less of the Area Median Income (AMI), 44% of its units for households earning 60% or less of the AMI, and 50% of its units for households earning 80% or less of the AMI.