Hunt Capital Partners announced the closing of $7.8 million in federal low-income housing tax credit (LIHTC) equity financing for the new construction of Alta & 15th Apartments in Longmont, Colorado. The development will offer 88 units for low-income families who earn up to 50% and 60% of the area median income (AMI).
Alta & 15th will feature three, three-story buildings and a pair of two-story buildings situated on 4.05 acres. There will be nine one-, 29 two-, 34 three-, and 16 four-bedroom units outfitted with modern amenities. Residents also will benefit from a business center, a community room, an exercise facility, a playground, a picnic area, central laundry, on-site management, and parking spaces.