Oso Apartments
Overview
Size |
$141.6 Million Construction Loan, LIHTC Equity, Permanent Loan, and Bond Underwriting |
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Summary
Key Community Development Lending & Investment provided $141.6 million in financing for the new construction of Oso Apartments, a 336-unit affordable housing project in Converse, Texas. All 336 units will serve families and individuals earning no more than 30 - 70% of area median income. Supportive services will be offered to residents and will include health and medical prevention services, job training, and youth programming and education. The financing includes a construction loan, LIHTC equity, a permanent loan, and bond underwriting. We want to thank The NRP Group for their commitment to building much needed affordable housing in Texas.
Banking products and services are offered by KeyBank National Association. All credit products are subject to collateral and/or credit approval, terms, conditions, and availability and subject to change.