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New Hope CDC wins 9% tax credit for West Sacramento project; Alta California grant secures Tupelo housing set-asides
Summary
New Hope Community Development Corporation received a 9% federal tax credit award for a 37-unit West Sacramento project and a $2.3 million Alta California Regional Center award to reserve 19 units for people with intellectual or developmental disabilities in the Tupelo housing phase; together the projects will provide 37 set-aside units.
New Hope Community Development Corporation on Oct. 15 reported that it received a 9% federal low-income housing tax credit award for its June project in West Sacramento and that Alta California Regional Center will provide $2.3 million toward the Tupelo housing phase in Woodland, securing a combined 37 units set aside for individuals with intellectual or developmental disabilities across the two projects.
Ian Evans, president and chief executive officer of New Hope CDC, said the West…
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