Press Release

Grand News Network | November 6, 2023

Monarch Private Capital Finances Affordable Family Housing In Colorado

ATLANTA, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Monarch Private Capital, a nationally recognized impact investment firm that develops, finances, and manages a diversified portfolio of projects generating both federal and state tax credits, is pleased to announce the financial closing of low-income housing tax credit (LIHTC) equity for the new construction of a $73 million affordable housing development called Willoughby Corner Family Apartments in Lafayette, Colorado.

The Willoughby Corner Family Apartments are located at the southwest corner of North 120th Street and East Emma Street, on approximately 24 acres. Willoughby Corner is situated about 20 minutes from the City of Boulder and 30 minutes from Denver International Airport. Boulder, known for its vibrant arts scene, boasts more than 30 art galleries and has been recognized as one of the nation's top cities for art by American Style magazine. The project is comprised of 400 units in total. The first phase, currently under construction, will deliver 192 rental units serving individuals with incomes between 30 and 60% of the Area Median Income (AMI), including 63 apartments to residents aged 55 and older. Future phases will include additional rental units as well as permanently affordable for-sale homes for qualifying families and individuals. Monarch partnered with Boulder County Housing ...

Full story available on Benzinga.com


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