Project Category: multifamily

$3,200,000 Tax Credit Equity Senior Living San Jose, CA

Project: Woodlands of Albany Completed: Under Construction; to be completed late 2020 Project Type: New Construction Location:  Albany, GA Woodlands of Albany is a new construction affordable housing development to contain 80 apartment units of which 56 are affordable with the remaining 24 units being market rate.  Of the 56 affordable units, 16 are set-aside [...]

Project: Villas at Emerald Park Completed: 1971 Project Type: Existing Location:  Gretna, LA Villas at Emerald Park is an existing 69 unit market rate apartment community built in 1971.  As part of the financing, the owner spent approximately $320,000 in non-critical repairs to improve the overall physical condition and appeal of the development. Churchill Financing: FHA [...]

Project: SAG Portfolio Completed: In rehab; to be completed in 2020 Project Type: Acquisition/Rehabilitation Location:  Various locations in WA The SAG Portfolio consists of 6 existing USDA-RD 515 financed rural apartment communities containing a total of 299 units. All of the communities will undergo moderate rehabilitation. Of the  299 units, 195 benefit from Section 521 rental [...]

Project: Springwood at Allen Completed: Under Construction; to be completed in mid-2020 Project Type: New Construction Location:  Allen, TX Springwood at Allen is a new construction market rate housing development to contain 92 apartment units. The community will be restricted to elderly tenants age 62 or older and shall have unit and project amenities that [...]

Project: Marsh Pointe Completed: 2018 Project Type: New Construction Location:  Port Royal, SC Marsh Pointe is a recently completed affordable housing development containing 48 apartment units of which 10 units are set-aside to tenants with income at or below 50% of Area Median Income with 38 units set-aside to tenants with income at or below [...]

Project: Bellevue Mill Completed: Under Construction; In lease-up Project Type: Adaptive Reuse Location:  Hillsborough, NC Bellevue Mill is an adaptive reuse of an existing historic textile mill property being converted into 114 market rate apartment units. The development is nearing completion and is expected to achieve stabilized occupancy shortly after final certificates of occupancy are issued.  [...]

Project: Central PA Portfolio Completed: In rehab Project Type: Acquisition/Rehabilitation Location:  Various locations in PA The Central PA Portfolio consists of 15 existing USDA-RD 515 financed rural apartment communities containing a total of 485 units.  All of the communities will undergo moderate rehabilitation and all tenants benefit from Section 521 rental assistance whereby their rent [...]

Project: Indigo Apartments Completed: 2017 Project Type: New Construction Location:  Franklin, NC Indigo Apartments is a recently completed affordable housing development containing 60 apartment units, all of which are set-aside to tenants whose income at or below 60% of Area Median Income.   Churchill Financing: Permanent Loan guaranteed by the USDA 538 loan program – [...]