Typical Investments
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Montevista ApartmentsLocation: Milpitas, CA
Developer: Bridge Housing Corporation
Units: 306
Unit Mix: 53% Affordable/47% Market
Tenancy: Family
Equity Investment: $7,000,625
Total Development Cost: $43,598,227
Credit Type: 4% tax-exempt bond
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Prairie Village Residences ILocation: Hutchinson, KS
Developer: Investment Resources Corporation
Units: 72
Unit Mix: 100% Affordable
Tenancy: Family
Equity Investment: $1,838,020
Total Development Cost: $3,804,836
Credit Type: 9%
John Hancock Permanent Debt: $1,840,000
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Carefree Cottages of MaplewoodLocation: St. Paul, MN
Developer: Gerald C. Mogren
Units: 142
Unit Mix: 76% Affordable/24% Market
Tenancy: Senior
Equity Investment: $1,844,439
Total Development Cost: $11,693,522
Credit Type: 4% tax-exempt bond
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The Oaks at PompanoLocation: Pompano Beach, FL
Developer: The Cornerstone Group
Units: 224
Unit Mix: 100% Affordable
Tenancy: Family
Equity Investment: $4,073,495
Total Development Cost: $15,197,060
Credit Type: 4% tax-exempt bond
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Fairfield EstatesLocation: Lady's Island, SC
Developer: Picerne Properties
Units: 55
Unit Mix: 100% Affordable
Tenancy: Single-Family
Equity Investment: $3,795,427
Total Development Cost: $6,136,727
Credit Type: 9%
John Hancock Permanent Debt: $1,766,000