Hunt Capital Partners Facilitates $7.96 Million LIHTC Investment in Utah

Hunt Capital Partners announced the closing of $7.96 million in Federal LIHTC equity financing for the new construction of Sandstone Hills Apartments in Richfield, UT. 

“Home to approximately 8,200 residents, Richfield currently has no vacancy in its rental market where people have resorted to living in motels,” said Hunt Capital Partners Executive Managing Director Dana Mayo. “The lack of decent affordable housing will only be exacerbated as two new employers— Composite Sourcing Solutions and Dale T. Smith & Sons Meat Packing Company—move to the area, creating 150 new jobs. Sandstone Hills will help alleviate Richfield’s housing shortage by providing more than 100 new affordable apartments.”