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| Michael Gaber |
PLATTSBURGH,
New York –– WNC, a national investor in real estate and community development
initiatives, announced the completion of Homesteads
on Ampersand, a newly constructed 64-unit affordable housing community in
the northeastern town of Plattsburgh, New York.
WNC provided
approximately $7.1 million in low-income housing tax credit (LIHTC) equity to
fund the new development.
“WNC is
delighted to announce the completion of Homesteads on Ampersand, a high quality
affordable housing community with modern amenities,” said WNC Executive Vice
President and Chief Operating Officer Michael
Gaber.
“Demand for affordable housing continued to outpace supply
throughout the nation, and we couldn’t be happier to help deliver this new
community to the residents of Upstate New York.”
Located at
292 Rugar St., Homesteads on Ampersand is an eco-friendly community that
includes four two-story buildings comprised of 24 one-bedroom, 20 two-bedroom,
and 20 three-bedroom units, as well as a community building. The project was
developed by Regan Development Corporation over the course of approximately one
year.
For a complete copy of the company’s news release,
please contact:
Julie Leber
Spotlight
Marketing Communications
949.427.5172
ext. 703
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