Dominium has Virtual Groundbreaking for Preserve at Peachtree Shoals
Dec 21, 2020
Property News
Upon completion in December 2021, Preserve at Peachtree Shoals will provide 240 units of affordable housing for seniors.
Preserve at Peachtree Shoals closed on the financing in July 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 RBC Community Investments 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 Housing Authority of Gwinnett County 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.