Walker & Dunlop Arranges $29.6 Million in LIHTC Equity for Canyon Creek East
Walker & Dunlop, Inc (WD)
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Source: Business Wire
BETHESDA, Md.--(BUSINESS WIRE)--Walker & Dunlop, Inc. announced today that it successfully arranged $29.6 million in federal Low-Income Housing Tax Credit (LIHTC) equity for the financing of Canyon Creek East, a groundbreaking affordable housing project in Lenexa, Kansas.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240624325617/en/Canyon Creek East (Photo: Business Wire)Canyon Creek East, envisioned as an expansion of the spectrum of residential housing available in Lenexa, will encompass the construction of 212 multifamily units across five buildings. Upon completion, the development will offer a mix of one-, two-, and three-bedroom units to accommodate diverse household sizes.The Walker & Dunlop Affordable Equity team, led by Jennifer Erixon, arranged the federal LIHTC equity, which will finance approximately 40% of the total development costs, on behalf of MRE Capital. This project marks Walker & Dunlop’s sixth tra
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Sec Filings
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- 6/11/24 - Form 8-K
- WD's page on the SEC website