Ten percent of the apartment units will be rent restricted for families with incomes at or below 60 percent of the areaÕs median income ($37,920). The property will be available for occupancy later this month.
Enterprise, a subsidiary of The Enterprise Foundation, is the permanent lender for the development and will service the loan for Fannie Mae. The company has financed 900 units in nine properties
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.