Hunt Capital Partners announced the closing of $3.6 million in federal low-income housing tax credit equity financing for the acquisition and rehabilitation of Sagebrush Place II, formerly known as Centennial Park. Located on a 2.2-acre site in the heart of Reno, Nev., Sagebrush Place II was originally constructed in 1970, renovated in 2007 with LIHTC equity, and currently exhibits average condition. This acquisition and rehabilitation project, spearheaded by developer Integra Property Group, LLC, represents the second of a two-phase renovation of Sagebrush Place II’s eight, two-story townhome-style structures. Following renovations, Sagebrush Place II will offer 40 two- and three-bedroom units restricted to family households earning up to 60 percent of AMI. Of those 40, 38 units will benefit from a Section 8 Housing Assistance Payments contract, where tenants contribute 30 percent of their income toward rent.