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Rehabs start for apartment properties transitioning from public housing

The renovations are part of an effort to move the units from the RRHA to private landlords, who would use a project-based voucher program to rent to Section 8 residents. ....

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Red Stone Equity Partners Closes $207-million LIHTC Investment Fund, Largest in Company History

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NEW YORK, May 19, 2021 /PRNewswire/
Red Stone Equity Partners LLC ( Red Stone Equity or the Company ), a privately-owned real estate finance and investment company specializing in affordable multifamily residential funds and financings, announced the closing of
Red Stone Equity – Fund 84 Limited Partnership ( Fund 84 ), a $207-million multi-investor Low Income Housing Tax Credit ( LIHTC ) investment fund. Fund 84 is the 18
th and largest Red Stone Equity multi-investor fund offering to close since the Company s inception and includes investments from 12 different institutional investors, 11 of which are repeat Red Stone Equity investors and one of which is a first-time Red Stone Equity investor. Fund 84 s proceeds will be used, along with other project-level financing sources, to finance the construction and/or rehabilitation more than 1,600 units of affordable rental housing contained within 23 properties located in 11 different st ....

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People on the Move 2.4.21

People on the Move 2.4.21
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