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Redbud Reserve

The $52.5 million dollar development is financed through a diverse capital stack, including 4% federal and state Low-Income Housing Tax Credits (LIHTC), tax-exempt START conduit bonds, conventional debt, and sponsor equity.  This approach ensures the project's financial viability while leveraging public-private partnerships to maximize community impact.

Significant investment in affordable housing

Related Facilities

Redbud Reserve

Status: Passed

Garden-style affordable apartment community slated for construction along the State Avenue corridor. Land that has been vacant for years will bolster eight 3-story buildings, a clubhouse, playground, and ample open space.