Upon completion in April 2024, Krisana Apartments will feature one four-story, elevator-serviced building with an enclosed central courtyard. A bold affordable housing development moved a step closer to construction with the closing of $15.8 million in federal low-income housing tax credit (LIHTC) equity financing.
Another decades-long tale is that of the land on which the property will sit, is a spate of land in Northern Denver's Cole neighborhood that previously hosted apartments for the Army during World War II.
CVS Health is one company stepping into the breach with an investment of $16.7M to build 82 new affordable housing units for older adults with Hunt Capital Partners and Texas Inter-Faith Housing. The latter two organizations closed $13.8M in federal low-income housing tax credits and $194K in federal energy-efficiency financing for Westheimer Garden Villas between Fountain View Drive and Chimney Rock Road.
As renovations come to a close, a historic 1930′s building in downtown Monroe with rich African-American history will reopen to the community to offer affordable housing and a 5,000 sq. foot community resource center.
Texas Inter-Faith Housing Corp. will develop Westheimer Garden Villas, an 85-unit affordable seniors housing project in Houston at 5811 Winsome Lane.
The Timber Ridge Apartment complex in northeast La Grande is about eight months from completion, but it already has an enviable problem — more applicants than it has room for.
CVS Health today announced it will invest $16.7 million with Hunt Capital Partners and Texas Inter-Faith Housing to build 82 new affordable housing units in Houston, Texas as part of the company’s commitment to advancing health equity by addressing social determinants of health at the local level.
Mirka Investments in December broke ground for Vista Lane Family Homes at 3481, 3501 and 3509 Vista Lane. The firm partnered with Hunt Capital Partners of Los Angeles on the project.
Supported by housing tax credit equity from Hunt Capital Partners, the community will have a rent-to-own option.
Following construction completion in 2024, The Heights at MacArthur will offer 13 one-bedroom, 42 two-bedroom and 21 three-bedroom units, set aside for family households earning up to 30, 50 and 60 percent of the area median income.
Tory Hinton
21031 Ventura Blvd., Suite 604
Woodland Hills, California 91364
818-849-5114
tory@maizemarketing.com
15910 Ventura Boulevard, Suite 1100
Los Angeles, CA 91436
(818) 380-6100
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