Number of units: 318 units
Rentable square feet: 283,224
Development Cost: $65,600,000
Average unit size: 819
Rental rate: 1.73 (Avg. PSF/Mo.)
Converted to market rate units from LIHTC (Low Income Housing Tax Credit) after neighborhood objections.
Status: Stabilized
Number of units: 336 units
Rentable square feet: 324,312
Development Cost: $60,000,000
Average unit size: 1,004
Rental rate: 1.62 (Avg. PSF/Mo.)
Joint venture with Mesa Developers and The Michaels Organization (TMO).
Status: Stabilized
Number of units: 240 units
Rentable square feet: 268,500
Development Cost: $60,600,000
Average unit size: 1,260
Rental rate: 1.25 (Avg. PSF/Mo.)
Joint venture with Liberty EMLI, an established LIHTC developer from Dallas.
Status: Under construction
Number of units: 198 units
Rentable square feet: 188,270
Development Cost: $40,000,000
Average unit size: 950
Rental rate: $0.95 (Avg. PSF/Mo.
Located in Artesia, NM, this family housing project was financed through a private placement bond and 4% Housing Tax Credits
Status: July 2022 closing date
Number of units: 72 units
Rentable square feet: TBD
Development Cost: TBD
Average unit size: TBD
Rental rate: TBD
Workforce project financed with 9% LIHTC and federal loans
Status: February 2025 closing date