St. Mary Development Corporation recently increased their existing line of credit from $1.7 million to $2 million for predevelopment activities, including for the Senior Village at Kettering Town Center. The $300,000 increase will allow St. Mary Development Corporation to draw funds for land acquisition and other predevelopment expenses prior to LIHTC construction closing.
NeighborWorks Capital and National Equity Fund Announce LIHTC Equity Fund to Empower Partner Organizations
The innovative fund, exclusive to members of the NeighborWorks America network, will provide LIHTC equity with equitable, consistent terms, helping create and preserve more affordable housing across the country.