|
|
|
|
| Reno & Cavanaugh is pleased to support our clients in improving the quality and availability of housing and services for elders. Some representative examples of the firm’s work are: | .jpg) |
Senior Living at Renaissance Place St. Louis, MO This elderly housing development contains 110 tax credit units, including 75 public housing units and 30 project-based Section 8 units. The development is financed by tax-exempt bonds, 4% tax credits, a loan of Replacement Housing Factor (RHF) funds from St. Louis Housing Authority, and HOME and CHDO funds from the City of St. Louis. | |
| | | The Oaks at Riverview Senior Housing Tampa, FL Construction of this 250-unit development was financed by a $1.5 million unrated private bond issuance, $9 million of publicly issued bonds, $12.8 million in HOPE VI, Capital and EDI Funds (a portion of which collateralizes the publicly placed bonds), $6.5 million in tax credit equity, and $888,600 from the Florida Housing Finance Corporation. In 2006, the National Association of Housing and Redevelopment Officials (NAHRO) awarded the Oaks at Riverview a National Award of Merit in Housing and Community Development. | |
|  | Edgewood Terrace Washington, DC Reno & Cavanaugh assisted this client in fully rehabilitating an obsolete 292-unit senior housing development. 73 units in the new project are owned by a nonprofit organization and funded with HUD Section 202 funds, and 127 units are owned by a limited partnership and funded by proceeds of a capital advance borrowing from Bank of America, multi-family housing bonds and low-income housing tax credits. This development won a 2005 Beacon of Light award from HUD, and the 2005 Community Life Program of the Year award from the Housing Association of Nonprofit Developers. | |
|  | John F. Kennedy Apartments Cambridge, MA This project involved a gut rehabilitation of 69 assisted living units for seniors, of which 44 are public housing. Financing includes $5 million in HOPE VI funds, $8.5 million in tax credit equity, and $5.1 million in state and local funds. The non-public housing units receive project-based Section 8 assistance for housing costs and services via a Medicaid waiver and State of Massachusetts funding. |
|
|
|
2008 © Reno & Cavanaugh PLLC | Disclaimer & Privacy Policy | Last Updated: 08.28.08
Login 
|
