Tax-Exempt Financings for Three Low-Income Housing Facilities
We served as bond counsel to LHP Capital, LLC for three tax exempt financings relating to the rehabilitation of the Trevecca Towers I/East, Trevecca Towers II and Dandridge Towers—three low-income housing facilities located in Nashville. The more than 700-unit apartment facilities will undergo substantial renovations and will provide high quality housing for low income residents in the Nashville area for years to come. The financing sources also included federal low-income housing tax credits and FHA loan proceeds. The aggregate acquisition and rehab costs for the three projects is in excess of $144 million.
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