Dominium has Virtual Groundbreaking for Grayson Ridge
Upon completion in December 2021, Grayson Ridge will provide 240 units of affordable housing to its seniors.
Grayson Ridge closed on the financing in June 2020, including a Freddie Mac Forward Tax Exempt Loan serviced by KeyBank, a tax-exempt construction loan and taxable equity bridge loan originated and serviced by KeyBank, an equity investment from Stratford Capital Group in the 4% federal Low Income Housing Tax Credits, and an equity investment from Monarch Private Capital in the Georgia state Low Income Housing Tax Credits. This development would not have been made possible without the Lawrenceville Housing Authority as the conduit issuer of the tax-exempt debt and Georgia Department of Community Affairs for their issuance of the federal and state Low Income Housing Tax Credits.