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| 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
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