Praxis recently provided development finance consulting on the Vista Creek and Vintage at Laughlin Apartments projects. The developments, 450 total units, will be the first new multi-family housing to be constructed in over twenty years in the Town of Laughlin and will serve the growing demand for affordable rental housing in the Laughlin, Bullhead City, AZ, Needles, CA Tri-State region. The $66 million financing includes tax-exempt bonds, with Fannie Mae credit enhancement, 4% LIHTCs, and HOME funds through Clark County. Construction began in February 2009.
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