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0 0 -0.000974658869395795 0.000584795321637449 -0.00564327485380124 -0.000974658869395795 0.002729044834308 -0.000974658869395795
Stock impact report

Work starts on new affordable housing project in North Carolina [Yahoo! Finance]

Merchants Bancorp (MBIN) 
Last merchants bancorp earnings: 1/30 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The three-storey development, named ‘East Center Village', is being built with an investment of $12.4m. As part of the project, the two companies aim to develop a total of 54 apartment units to address the housing needs of those aged 55 and above. Planned to be completed by August next year, the project features 34 one-bedroom and 20 two-bedroom units, with affordability targets set at 40% and 60% of the area median income. respectively. East Center Village is set to be ENERGY STAR Multifamily New Construction Program-certified, ensuring residents benefit from energy-efficient appliances and features. The strategic location of the housing complex at 520 East Center Street will offer residents easy access to downtown Lexington, major roads, as well as public transportation. With a 'Walk Score' of 61, the site promotes a moderately walkable lifestyle, convenient for active older residents, BTR Communities Group added. WNC Originations and Finance executive vice-president An Show less Read more
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