Merchants Capital announced the securitization of $17.4 million in LIHTC equity financing for the construction of a new affordable senior property in Fort Wayne, IN. The Reserve on Park Place property will consist of 187 units, including 15 studio units, 136 one-bedroom units and 36 two-bedroom units limited to residents earning 40, 60 and 80 percent of the area median income. The anticipated completed construction date is in April 2025.
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