Through a pre-development letter of commitment as a “backstop” for a low-interest loan from the Mueller Foundation, DMA Development Company, LLC, was able to secure financing and coveted federal tax credits. Exceeding this target, the project will ensure affordable availability for 40 years. The required term for federal tax credit is 15 years. Wildflower Terrace provides 180 rental units for senior adults with income less than 60% MFI with portions also for 50% and 30% MFI.
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