EquityPlus Completes 4% Floor $16 Million Bond Sale To Finance Senior Citizen Affordable Housing And Community Wellness Center A Major Victory for Residents of Affordable Housing and Thousands of Families Who Remain in Need of Housing.
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RICHMOND, Va., May 8, 2021 /PRNewswire/ EquityPlus LLC today announced the successful sale of $16 million in bonds issued by the Richmond Redevelopment & Housing Authority. Proceeds from the bond sale will finance renovations to the Shockoe Hill Senior Apartments, a 100 percent affordable housing complex owned by Capital Realty Group, and the construction of a new community wellness center for its residents in Richmond, Virginia.
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RICHMOND, Va., May 8, 2021 /PRNewswire/ EquityPlus LLC today announced the successful sale of $16 million in bonds issued by the Richmond Redevelopment & Housing Authority. Proceeds from the bond sale will finance renovations to the Shockoe Hill Senior Apartments, a 100 percent affordable housing complex owned by Capital Realty Group, and the construction of a new community wellness center for its residents in Richmond, Virginia. We are delighted to support Richmond s affordable housing efforts, said Avram Fechter, Managing Director of EquityPlus LLC. The success of this financing reflects the strength of the four-percent-floor bond market, resilience during these challenging times and, most importantly, a collective understanding of the urgent need to create and preserve affordable housing.