June 16, 2016
June 16, 2016- NDC Corporate Equity Fund XII announced a LIHTC closing for a $9.5 million new construction of Market Street Lofts, the project will create 45 units of workforce housing. Completed in partnership with Community Action Agency of Columbiana County and Miller Valentine, this will be the first family-oriented tax credit development in East Liverpool in over 15 years.
Market Street Lofts is located in the heart of downtown, which is currently undergoing a massive economic revitalization effort. When completed the development will consist of a four-story, elevator services apartment community. The project was partially financed with LIHTC, all units will be set aside for tenants earning 60% of AMI. The proposed mix of units includes six 1-bedroom and 39 2-bedroom apartments with in unit laundry.