Details
Type: Family Acq/Rehab
Location: Millsboro, DE
Year Developed: 2017/2018
Status: Under Construction
Units: 38
TDC: $9.3 million
LIHTC Equity: $8.5 million
Sources of Funds:
9% LIHTC, DSHA HDF
Description
Village at Iron Branch is the acquisition and rehabilitation of an early 1970’s garden apartment community. The project received a 9% award of LIHTC from DSHA in the 2016 round. The project will undergo a substantial rehabilitation that will drastically change the property and unit amenities and curb appeal of the buildings. Construction began in July 2017.
