Nuestra Senora - The Downtown El Paso area’s newest apartment project launched Wednesday after overcoming 18 months of delays tied to the COVID-19 pandemic and a federal regulatory roadblock.
Situated on six acres, Trailhead at Chamizal will feature 116 one-bedroom/one-bath units, 36 two-bedroom/one-bath units, 32 two-bedroom/two-bath units and 20 three-bedroom/two-bath units. The residences are designated for families earning up to 60 percent of area median income.
The property is located on land of the Yurok Indian Tribe Reservation. The 9 percent Low-Income Housing Tax Credit (Housing Credit) was used to finance development of the property, with financing facilitated by Hunt Capital Partners. Travois provided consulting and architectural services for the development.
The Solid Rock Christian Center, the Solid Rock Community Development Corporation, the Commonwealth Development Corporation, and Hunt Capital Partners are teaming up to build affordable housing on the church’s excess land. The Village at Solid Rock Apartments will be adjacent to the 7,000-square-foot Solid Rock Christian Center.
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The total project cost was $10.2 million. Hunt Capital Partners provided $6.3 million in federal low-income housing tax credit equity through its multi-investor fund, Hunt Capital Partners Tax Credit Fund 37.
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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