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Mesquite HFC approves inducement resolution for 254‑unit Torrington Creekside affordable housing project
Summary
The Mesquite Housing Finance Corporation unanimously approved an inducement resolution allowing JPI to pursue private activity bond reservation and 4% low‑income housing tax credits for the proposed Torrington Creekside, a 254‑unit, 100% affordable development at 900 Windbell Circle.
Karsten Lowe, affordable housing development manager with JPI, presented a reworked plan for Torrington Creekside, a proposed 254‑unit multifamily development at 900 Windbell Circle that the company aims to finance with low‑income housing tax credits and private activity bonds. "Our goal as a company is to transform building, enhance communities, improve lives," Lowe said, asking the Mesquite Housing Finance Corporation (HFC) to serve as the bond issuer and to consider a future MOU for partnership.
Why it matters: The HFC’s inducement resolution is a procedural but necessary step for JPI to pursue a bond reservation from the Texas…
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