Grow America is excited to announce another successful closing with the Vancouver Housing Authority.
Battle Ground Portfolio will rehabilitate two existing properties, Mill Creek Apartments and Mill Creek Senior Estates for families and seniors whose incomes do not exceed 60% of the area median income. The portfolio will also include the new construction of Weaver Creek, which will provide 100 units to families earning at or below 60% of the area median income. The properties are all located in Battle Ground, WA and when complete will contain a total of 178 affordable units for the community.
Congratulations to the Vancouver Housing Authority and thank you for your continued partnership!
Additional Info:
- Rendering/picture of project: (attached to email)
- Partner Info:
- Vancouver Housing Authority: https://vhausa.org/
- Location: Vancouver Washington
Equity Investment: $18,747,674
Total Project Cost: $63,598,388
Sponsor Name: Vancouver Housing Authority (VHA)
Grow America is excited to announce the closing of the Battle Ground Portfolio, located in Battle Ground, WA. The project will include the rehabilitation of two existing properties, Mill Creek Apartments and Mill Creek Estates which provide housing to families and seniors up to 60% of the area median income. The project will also include the new construction of 100 additional units in a property to be known as Weaver Creek Ats. That property will serve individuals and families earning at or below 60% of the area median income with set-asides for families experiencing homelessness and individuals with intellectual and developmental disabilities. When complete the 3 properties will provide a total of 178 of affordable homes for the surrounding community.
VHA issued the tax- exempt bonds in addition to providing gap financing while KeyBanc Capital Markets served as the bond underwriter. The Washington State Housing Finance Commission allocated the 4% LIHTC and the Washington State Department of Commerce and Clark County provided additional gap financing to make this project feasible. The project is slated to be completed in September 2027.