The National Housing and Rehabilitation Association’s (NH&RA’s) Tax Credit Advisor recently published a case study on Western Horizon, a $144 million RAD renovation project that is breathing new life into three 1950s-era public housing communities in Lorain, a western suburb of Cleveland. As part of the capital stack, Lument arranged the $28 million FHA 221(d)(4) loan and Lument Securities underwrote $9.2 million in tax-exempt bonds.

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