Hunt Capital Partners said it and developer Housing Initiatives LLC closed on more than $8.2 million in Low Income Housing Tax Credit equity financing for the construction of 46 units of affordable multifamily housing in Vancouver, WA, to house the homeless. The Vancouver Housing Authority will provide public housing subsidies for the apartments, Hunt said.
“We are proud to assist in the creation of a project that creates units to house a vulnerable population that often falls through the cracks,” said Dana Mayo, executive managing director of Hunt Capital Partners. “The homeless, people in imminent danger of becoming homeless, and those with mental health problems or fighting chemical dependencies will find decent, safe, affordable housing and supportive services at The Meridian.”
