Alliant Capital Announces Closing of Investment in Blue Mountain Terrace
WOODLAND HILLS, Calif., Jan. 7, 2020 /PRNewswire/ -- Alliant Capital announces today the closing of their investment in Blue Mountain Terrace, in partnership with developer Domus. The new construction of 63 units in Winters, Yolo County, California will provide affordable housing for seniors aged 62 and older. The senior tenants of Blue Mountain Terrace earn 25-60% of the area median income.
“California’s demand for affordable housing is high statewide,” says Dudley Benoit, Executive Vice President at Alliant Capital. “But, in particular, the need for quality housing for low income seniors is urgent. We’re fortunate to be able to work with our partners in getting this development built to address this issue one project at a time.”
Over 20 of the units will be designated for seniors with physical, mental and developmental disabilities as well as seniors with long-term chronic health conditions and those exiting from institutional settings.
Nearby amenities include a bus stop within walking distance, Winters Branch Library, US Post Office, as well as a park, pharmacy, grocery store, farmers market, medical clinic, and credit union; making the location perfect for senior tenants.
The project is slated for completion in March of 2021.
About Alliant Capital
Alliant Capital is a leading tax credit firm focused on providing tax credit syndication for the development and financing of affordable housing, multifamily development, and real estate ownership. Founded in 1997 to assist in America’s critical need for affordable housing, today Alliant is among the nation’s top syndicators and has an unparalleled track record of success. With offices nationwide and a dedicated, growing team of experienced and well-trained commercial real estate, asset management, legal and tax professionals, Alliant provides the highest level of fully integrated real estate and investment support services.
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SOURCE Alliant Capital, Ltd.