Wednesday, October 22, 2014

New Affordable Housing Community Opens in Cambridge, MN

                                                                               
Michael Gaber

 CAMBRIDGE, MN – WNC, a national investor in real estate and community development initiatives, announced the completion of Heritage Townhomes, a 24-unit affordable housing community in Cambridge, Minn. 

WNC provided $2.9 million in low-income housing tax credit (LIHTC) equity to fund the project.

Located at 1503 South Fern St., Heritage Townhomes consists of a mix of one-, two- and three-bedroom units split amongst six buildings. 

The apartments are designed as single-story garden style or two-story townhouse units, each including an attached garage and driveway. The property includes a community gazebo and children’s playground.

“We couldn’t be more pleased to deliver an additional affordable housing option to the families of Cambridge,” said WNC Executive Vice President and Chief Operating Officer Michael Gaber.


“Heritage Townhomes is well-located in the Cambridge community, situated less than one mile from three schools that provide families with education from kindergarten through 12th grade. The property is also within a short walk to a recreational park and a variety of trails at the nearby Wood Duck Preserve.”

Heritage Townhomes was developed by MetroPlains LLC. Robert McCready served as the project developer.

For a complete copy of the company’s news release, please contact: 

Julie Leber
Account Manager
Spotlight Marketing Communications
18101 Von Karman Avenue, Suite 330
Irvine CA 92612
 949-427-5172, ext. 703

No comments: