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19
Aug
Development

LCJ Development Successfully Closes HTC Award in Baytown ETJ

I
August 19, 2020

An LCJ Companies affiliate successfully purchased Country Terrace, a two-phase 127 unit apartment community in Highlands, Texas, in November 2019.  Structured financing will be provided through the combination of Housing Tax Credits, a 24-month construction loan, a USDA backed Section 538 permanent loan, and the assumption of multiple existing USDA Section 515 notes.  All of these sources will assist in a complete rehabilitation of the property.

LCJ Construction is currently underway with renovations and expects completion by YE 2020.

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19
Aug
Development
9% HTC Award Approved for Montgomery County Development Application
I
August 19, 2020

LCJ Development received approval for a 2020 HTC award.

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