A recent article in Novogradac Journal of Tax Credits details how Lument’s Tracy Peters helped HallKeen Management close a $27 million U.S. Department of Housing and Urban Development (HUD)/Federal Housing Administration (FHA) Section 223(f) loan to refinance East Canton Street Apartments, an 80-unit affordable housing community in the Ink Block neighborhood of Boston. East Canton is a historic building that has provided affordable housing since the late 1800s. The FHA loan provides several benefits, including replenishing replacement reserves and injecting capital into renovations, allowing the community to serve low-income residents for years to come.
For more details, read the complete story at Novogradac Journal of Tax Credits.
