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Alta & 15th Apartments Underway with $7.8 Million in LIHTC Equity

3/17/2021

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).

Prospect’s development team includes Brinkman Construction as general contractor and Godden Sudik Architects as project architect.

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.

 

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