Hunt Capital Partners and Community Development Partners announced the closing of $8.5 million in federal low-income housing tax credit equity financing for the new construction of St. Michael’s Community Housing in Riverside, Calif. Located 60 miles east of Los Angeles, St. Michael’s Community Housing is a two-story, 50-unit garden-style development that includes one- and two-bedroom units set aside for households earning up to 30, 50, 60 and 80 percent of the area median income (AMI). St. Michael’s Community Housing is adjacent to St. Michael’s Church, though the project does not own or lease the church.
Posted on April 13, 2021
