Goodwill of Greater Washington reposted this
Big news! Last week, the Virginia Housing Board approved the award of highly competitive 9% Low-Income Housing Tax Credits (LIHTC) to our upcoming apartment community in partnership with Goodwill of Greater Washington. The $1,950,000 annual tax credits will allow approximately $17.5 million in LIHTC equity to be invested in the project to fund the new construction of 63 apartment homes. These homes are part of a larger development that includes 128 total apartments, a childcare center, and a brand-new Goodwill retail and donation center. Next up, we'll submit our application for non-competitive 4% tax credits to help fund the rest of the homes!
Outstanding work!!
Outstanding!
Congratulations!!
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1moCongratulations on your accomplishment.