WASHINGTON, DC-Jair Lynch Development Partners has completed a loan worth $43.3 million on a 171-unit apartment building called the Paul Laurence Dunbar Apartments. The fund will be used to renovate the senior housing property located at 2001 15th St. NW.
The loan includes Low Income Housing Tax Credits and Housing Revenue Bonds from the Department of Housing and Urban Development. Jair Lynch in partnership with the occupants of the building bought the property in 2010 following the sale notification from its owner. For the full story, go to Washington Business Journal .
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