Articles from Hunt Capital Partners
Hunt Capital Partners Raises $193.5 Million Tax Credit Equity Package to Build Affordable Housing Nationwide
Hunt Capital Partners (HCP) announced the closing of its $193.5 million low-income housing tax credit (LIHTC) equity fund, Hunt Capital Partners Tax Credit Fund 51 (HCPTCF 51). The fund will invest in 16 communities nationwide, creating 1,291 affordable homes for low-income families and the unhoused. The developments will include set-asides, dedicating quality housing options for special needs populations such as veterans, individuals with disabilities, those struggling with substance abuse, people living with HIV/AIDS, and youth aging out of foster care. HCPTCF 51 represents the largest multi-investor fund that HCP has closed to date.
By Hunt Capital Partners · Via Business Wire · December 4, 2024
Hunt Capital Partners Transfers Ownership of Negley Neighbors Apartments in Pittsburgh’s East Liberty Neighborhood
Hunt Capital Partners has transferred ownership of Negley Neighbors Apartments, a 41-unit scattered site affordable housing development in Pittsburgh’s East Liberty neighborhood, to an affiliate of S&A Homes. The strategic move ensures that S&A Homes, in collaboration with East Liberty Development, Inc., a Pittsburgh-based non-profit, can continue to provide vital affordable housing options for families.
By Hunt Capital Partners · Via Business Wire · November 26, 2024
Hunt Capital Partners Provide $13 Million in LIHTC Financing for Tribal Housing in Petoskey, Michigan
Hunt Capital Partners, in collaboration with Odawa Economic Development Management, Inc. (“OEDMI”), the economic development arm of the Little Traverse Bay Bands of Odawa Indians (“the Tribe”), and Community Housing Network, Inc. (“CHN”), announced the closing of Victories Square, a 50-unit tribal housing development in Petoskey, Michigan. Victories Square will provide a mix of studio, one-, and two-bedroom homes for 50 households earning up to 30%, 40%, and 80% of Area Median Income (AMI). Eight of the apartment homes will be set aside for tribal members and supported by a 45-year Project-Based Rental Assistance contract from the Tribe. The development represents Hunt Capital Partners’ 14th investment in an affordable housing project that involves tribal development partners.
By Hunt Capital Partners · Via Business Wire · September 9, 2024
Hunt Capital Partners Provides LIHTC Financing for Rehabilitation and Expansion of Senior Affordable Housing in San Fernando Valley
Hunt Capital Partners (HCP), in partnership with Alliance Property Group (APG) and Community Bible Community Development Corporation (CBCDC), has announced the closing of $37.0 million in federal Low-Income Housing Tax Credits (LIHTC) and $15.1 million in state LIHTC financing for the redevelopment and expansion of Valley Pride Village, an affordable housing community that has provided a secure home for San Fernando Valley seniors since 1971. Located in Sylmar, California, the development will preserve its 88 existing homes and introduce 92 new housing options for seniors.
By Hunt Capital Partners · Via Business Wire · September 3, 2024
Hunt Capital Partners, Bonner Carrington, and Sycamore Strategies Close on $20 Million in LIHTC Financing for 168-Unit Mixed Income Development in Dallas, Texas
Hunt Capital Partners, in collaboration with co-developers Bonner Carrington and Sycamore Strategies, announced the closing of Cypress Creek Apartment Homes at Montfort Drive (Cypress Creek). This 168-unit affordable mixed-income housing community will introduce new quality housing options for families in Dallas. The community is comprised of a single four-story residential building complete with an attached four-story parking garage. Cypress Creek is located at 14119 Montfort Drive in Dallas. Construction has commenced and the community will be opening in Q2 of 2026.
By Hunt Capital Partners · Via Business Wire · July 30, 2024
Hunt Capital Partners Closes on $13.2 Million in LIHTC Financing for 60-Unit Senior Affordable Housing Development in Stafford, Texas
Hunt Capital Partners, in collaboration with nonprofit Oaklake Community Housing Development Corporation (OCHDC), announced the closing of $13.2 million in federal Low-Income Housing Tax Credits (LIHTCs) for Oak Lofts Crossing for Seniors (Oak Lofts), a 60-unit affordable housing development in Stafford, Texas. Comprised of one 4-story, elevator-serviced mid-rise building, the development will offer a mix of one- and two-bedroom affordable homes for those who earn up to 30%, 50%, and 60% of the Area Median Income (AMI). Oak Lofts will serve the senior community, aged 55 years or older.
By Hunt Capital Partners · Via Business Wire · July 11, 2024
Hunt Capital Partners Safeguards Affordable Housing by Waiving Qualified Contract Option for Alabama Development
Hunt Capital Partners (HCP) announced steps to preserve affordable housing for low-income families in Dothan, Alabama. In a coordinated move, HCP has secured permission from the Alabama Housing Finance Authority (AHFA) to amend the Declaration of Land Use Restriction Agreement (LURA) for Beverlye Crossings and terminate the Qualified Contract option, representing HCP’s commitment to affordable housing.
By Hunt Capital Partners · Via Business Wire · June 18, 2024
O-SDA Industries, Travis County Housing Finance Corporation, Saigebrook Development and Hunt Capital Partners Celebrate Saison North Grand Opening in Austin Texas
In partnership with O-SDA Industries, Travis County Housing Finance Corporation (TCHFC), and Saigebrook Development, Hunt Capital Partners celebrated the grand opening of Saison North on Wednesday, June 5th. Located at 10010 N. Capitol of Texas Highway, Austin, Tex., Saison North is a five-story, elevator-serviced, mixed-income housing development comprised of 116 units, 70% of which are affordable and reserved for family households earning up to 30%, 50%, and 60% of the Area Median Income (AMI).
By Hunt Capital Partners · Via Business Wire · June 10, 2024
Hunt Capital Partners Transfers Ownership of 151-Unit Senior Property to Housing Authority of DeKalb County Affiliate
On behalf of its investors, Hunt Capital Partners (“HCP”) has announced the ownership transfer of its Limited Partner interests in Ashford Parkside Senior Residences (Ashford Parkside) to a non-profit affiliate of the Housing Authority of DeKalb County. Located in Atlanta, Georgia, Ashford Parkside is a midrise mixed-income senior housing community that has provided a secure and reliable living environment for senior households since 2007.
By Hunt Capital Partners · Via Business Wire · March 13, 2024