News

Hunt Capital Partners (HCP) announced today the closing of a $116.6 million national low-income housing tax credit (LIHTC) fund, Hunt Capital Partners Fund 37, LP (HCP 37). The fund is investing in 13 family and three senior housing developments across nine states.

Hunt and WestStar are pleased to announce that HUB International will locate at WestStar Tower.  HUB International, a leading global insurance brokerage, will comprise nearly 13,000 square feet on level 15 of the 20-story Class-AA office building in downtown El Paso.

Hunt Companies, Inc. announced today the formation of a new business unit which will create purpose-built single-family rental neighborhoods in targeted regions of the U.S.  The new business unit, named Avanta Residential, will work with investors, major homebuilders, and land developers to deliver quality affordable single-family rental homes.

Hunt Capital Partners, in collaboration with Saigebrook Development, LLC, announced the closing of $12.9 million in federal low-income housing tax credit (LIHTC) equity financing for the new construction of Everly Plaza. Located in Fort Worth, Texas, the mixed-use development will provide 88 units comprised of nine market rate units and 79 affordable housing units. All units will be restricted to seniors who are 62 years and older, and the affordable units will be income restricted to households who earn up to 30, 50, and 60 percent of the area median income. Most notably, the development will feature 3,400 square feet of community space that will contain an artist gallery space, which will be open to the public for showings, and a media room, which can be rented to members of the public for certain events.  

It has been almost two years since the groundbreaking of the WestStar Tower in Downtown El Paso.  Today, Hunt and WestStar employees, elected officials, and WestStar Tower owners and tenants, officially "topped off" the building by signing the final beam of steel that was then hoisted into place at the highest point of the structure. The event took place over a several hour period in order to abide by social distancing guidelines. 

Hunt Capital Partners announced the closing of $5.8 million in low-income housing tax credit equity financing for the acquisition and rehabilitation of Magnolia Terrace Apartments, located in Tallahassee, Fla. Originally constructed in 1974 and rehabilitated in 2002 through a bond transaction, Magnolia Terrace Apartments is a 108-unit LIHTC and Section 8 development. Post-rehabilitation, the complex will offer a mix of 25 one-bedroom, 50 two-bedroom, 25 three-bedroom, and eight four-bedroom units to households earning up to 60 percent of the area median income.

Hunt Capital Partners, in collaboration with Klamath Housing Authority and Luckenbill-Drayton & Associates, LLC., announced the closing of $5.61 million in federal low-income housing tax credit (LIHTC) equity financing for the new construction of Sunrise Vista Apartments in Klamath Falls, Ore. The development will offer 58-units of affordable housing. It will also benefit from a 20-year Project Based Rental Assistance (PRA) contract through the Department of Housing and Urban Development’s Section 811 Supportive Housing for Persons with Disabilities program covering six units.

Hunt Capital Partners announced the closing of $3.46 million in low-income housing tax credit equity financing for the acquisition and rehabilitation of Pacific Rim Apartments, an existing affordable housing development in Sacramento, Calif., with 32 units spread across garden style buildings. When updated, Pacific Rim Apartments will offer 31 three-bedroom units to residents and a single three-bedroom employee unit.

The NEX Touch ‘N Go in Kalaeloa will continue to serve active duty and retired members of the military community under a new long-term lease signed with Hunt. 

Hunt Companies, Inc., Tilton Development Company, Civitas Capital Group and Ryan Companies US, Inc., announce the sale of Circa Central Avenue, a multifamily development in downtown Phoenix. Private Portfolio Group, LLC, purchased the six-story community that includes four levels of residential apartments over two levels of parking, as well as five, two-story townhomes and two creative office suites for $57.5 million.

Mixed-Income Project will deliver much needed affordable housing and amenities