LIIF has closed a $12 million construction loan and an $830,000 Capital Magnet Fund (CMF) construction-to-permanent loan to Mercy Housing Southeast. This capital will finance the new Clairmont Family Apartments in Chamblee, Georgia. The affordable housing development will comprise 67 units for families earning between 30% to 80% Area Median Income (AMI). On-site wraparound services, all at no cost to residents, will include health and wellness classes/activities; social engagement; academic enrichment; and assistance with education/employment.
LIIF has closed a $12 million construction loan and an $830,000 Capital Magnet Fund (CMF) construction-to-permanent loan to Mercy Housing Southeast.