West Birch is the rehabilitation of twenty-four existing affordable LIHTC townhome units and the construction of 16 additional units. The project will include a range of one, two, three, and four bedroom units for households at 50%-60% AMI. As the original developer of the townhomes, CMHP wants to preserve the condition of the property for the long term as well as expand additional housing opportunities on the site. Community amenities will include a community room with kitchen, three laundry facilities, on-site management, playgrounds, activity room, and elevators (new building).
Development Partners: Central Minnesota Housing Partnership (CMHP)
NDC LIHTC Equity Investment: $1,649,441
Total Development Cost: $6,492,072
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Rental Housing Development Finance: Problem Solving and Deal Structuring Oct. 28-Nov. 1, 2019 - Los Angeles Low-Income Housing Tax Credits Webinar Nov. 7, 2019 - Online Asset Management for Affordable Housing Webinar Nov. 14, 2019 - Online Computer Spreadsheet Analysis For Rental Housing Dec. 10-12, 2019 - Arlington