Residences at Delta
- 2024
- Rental Housing
- Delta
Developed by TWG Development, Residences at Delta offers 50 affordable apartments for older adults with incomes between 30 percent and 60 percent of the Area Median Income (AMI). The property is adjacent to Delta Housing Authority’s affordable family housing developments creating a multigenerational campus serving a spectrum of ages, incomes, and household types.
CHFA was proud to support Residences at Delta with $1,346,302 in federal 9 percent Housing Tax Credits in 2021. Additionally, CHFA supported the development with permanent financing through a $1,500,000 SIMPLE loan alongside a $600,000 Capital Magnet Fund (CMF) loan and $150,000 CMF grant.
