Shippan Place
Overview
Size |
$41.1 Million Bridge Loan and LIHTC Equity |
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Summary
Key Community Development Lending & Investment provided $41.1 million in financing for the rehabilitation of Shippan Place, a 146-unit senior affordable housing building in Stamford, Connecticut. All 146 units serve senior citizens earning no more than 60% of area median income. Supportive services are offered to residents and include wellness and fitness workshops, financial literacy classes, food distribution, and health and nutrition education. The financing includes a construction loan, LIHTC equity, a permanent loan, and bond underwriting. We want to thank the Jonathan Rose Companies for their commitment to preserving much needed senior affordable housing in Connecticut.
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.