- Units
- 196
- Program
- Section 42 LIHTC
- Placed in service
- 2006
A package acquisition of two newly built Section 42 LIHTC properties in Southeast Texas, developed by the same builder and bought as a single transaction. Operated as one program but reported here as one asset.
Freeport Oaks. 100 units, Freeport, placed in service 2006. LIHTC LURA with CHDO tax exemption. In-unit walk-in closets, washer and dryer hookups, and balconies. Community amenities include clubhouse, playground, fitness center, pool, and an outdoor picnic and BBQ area.
Sunset Way. 96 units, Port Arthur, placed in service 2007. LIHTC LURA with CHDO tax exemption and HUD financing. Washer and dryer hookups and balconies in-unit. Community amenities include clubhouse, business center, fitness center, pool, volleyball court, BBQ and picnic area, and dog park.