Raymond James, JPMorgan Chase help fund affordable apartments in Largo

By Margie Manning Housing Trust Group has closed on the financing of Whispering Palms Apartments, a $12.4 million, 63-unit affordable housing community in Largo.

Money to build the project came, in part, from the Raymond James Tax Credit Fund, equity raised from the purchase of Florida Housing Finance Corp. low-income housing tax credits, a press release said. JPMorgan Chase and First Housing Development Corp. provided construction and permanent debt, and the Pinellas County HOME Investment Partnership also provided… Read More

Source:: TBBJ Real Estate