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SA Development Team Raises $107M for Affordable Rental Community
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SA Development Team Raises $107M for Affordable Rental Community
A joint venture planning to build affordable housing in San Antonio has secured $107 million in financing for the project. Opportunity Home issued $64 million in bonds through a public facility corporation, Cedar Rapids Bank and Trust loaned the project $37 million and the City of San Antonio came up with $6 million in affordable housing bond funding. Central at Commerce will be a 279-unit apartment complex on a vacant lot at 1231 E. Commerce St…
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