Low Income Housing Tax Credits
LIHTC Const/Perm 9%
$4.2MM construction loan will finance the substantial rehab of Lennox House, an existing age restricted (62+) affordable housing development located in Grand Prairie, TX. The property includes 39 one-bedroom affordable units, with one non-revenue manager unit located in one, three story garden style building. Lennox House was built in 1950 and renovated in 1995. This preservation will address critical capital needs of the building to improve safety, accessibility, and extend the useful life of the building.