Hunt Capital Partners (HCP) announced that it transferred ownership of Cadet Point Senior Village (Cadet Point) back to Biloxi Community Development Corporation (BCDC), the nonprofit arm of the Biloxi Housing Authority (BHA). Located in Biloxi, Mississippi, Cadet Point is a 76-unit midrise apartment complex that has provided affordable housing to elderly, low-income households since 2007. HCP facilitated the assignment of the investor member interest to BCDC at a mutually agreeable price that allowed BCDC to focus resources on the preservation of the affordable housing units. Through the transaction, which closed late November, BCDC expects to more efficiently manage Cadet Point to ensure its long-term affordability and operation.