April 1, 2016
March 31, 2016– NDC Corporate Equity Fund XII announced a LIHTC closing for the $2.5 million rehabilitation and recapitalization of a 32 unit affordable housing development. The project was completed in partnership with Podawiltz Development.
Vista View Townhomes is located 68 miles southwest of Minneapolis, in a community that has seen an increase in population and currently has a shortage of rental housing. The development consists of four, 8-unit buildings with a total of twelve 2- bedroom and twenty 3- bedroom townhouse units. The family friendly property is restricted to households with incomes under 60% of AMI. Rents include all utilities.