Trinity Towers

Trinity Tower is an existing 83-unit Senior Affordable Housing high-rise, originally built in 1968 and located in Buffalo, NY. Carthage and the investment team successfully obtained RAD approval from HUD to convert the units at Trinity Tower to Project Based Vouchers and in so doing acquired and recapitalized the project with Tax Exempt Bonds issued by the Buffalo Municipal Housing Authority, LIHTCs from NYSHFA and a seller note from the original Non-Profit owner. Funding was utilized to make significant repairs and provided overall building upgrades to the units and common areas. The Trinity Tower Apartments project was completed in December of 2014 and is now being managed by CRM.

Skills

Posted on

August 11, 2020