Date Published:
November 14th, 2019
From Affordable Housing Finance:
The development of two affordable apartment communities in Tacoma, Wash., took a big step forward after securing critical financing.
Boston Capital announced it is investing $26.3 million in low-income housing tax credit (LIHTC) equity in the construction of 1800 Hillside Terrace, recently renamed The Rise at 19th, a 64-unit development serving families experiencing homelessness, and Arlington Drive Youth Place, a 58-unit development for primarily homeless youth.
These investments represent Boston Capital's first and second partnerships with the Tacoma Housing Authority (THA).
Read Affordable Housing Finance's article "Tacoma Developments Receive LIHTC Financing," featuring the Tacoma Housing Authority.