Walker & Dunlop Arranges $11 Million for Apartments Serving Disabled
Alliant Capital, a Walker & Dunlop company, arranged $11 million in Low-Income Housing Tax Credit (LIHTC) equity investments for the construction of Baytown Apartments. The Hillsborough County, FL community will provide opportunities for persons with Intellectual or Developmental Disabilities to live in a fully-integrated environment with neurotypical persons.
Dudley Benoit, senior vice president and chief production officer, and Jennifer Erixon, managing director, led Alliant’s LIHTC syndication of the tax credits. The deal is a joint venture between InVictus Development and CDS Monarch. Baytown Apartments will be a two-story building with 30 LIHTC units, 15 to be set aside for persons with I/DD.
“Baytown Apartments is an exciting opportunity for CDS Monarch to further our mission of creating safe and nurturing environments for the individuals we serve to reach their goals and fulfill their dreams. High-quality housing is key to making this happen,” said Andrew Sewnauth, executive director of CDS Monarch.