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Asset Portfolio

Bracken Creek


Project: Bracken Creek Apartments

Year: 2010

Location: Augusta, Kentucky

Units: 40

Development budget: $4,011,872

9% LIHTC award: $219,227

1602 Exchange Award: $2,013,824

Financing: Assume existing USDA Section

515 loan, new debt with USDA Section 538 guarantee,

1602 Exchange Funds, Deferred

Developer Fee

Status: Placed in Service - 100% Occupied

Management Contact:

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