![WCDA Adds Funding To Affordable Housing](http://townsquare.media/site/101/files/2014/05/grimshaw_sunshine_lg.jpg?w=980&q=75)
WCDA Adds Funding To Affordable Housing
On Thursday, May 15, 2014, the Wyoming Community Development Authority Board of Directors approved the allocation of approximately $1.3 million in Low Income Housing Tax Creditsand $1.5 million in HOME Investment Partnership Program funds to affordable housing developments across Wyoming. The tax credits and HOME funds, which are allocated by the WCDA through a competitive application process, will finance the development of a total of 110 rental units in three multifamily projects.
The LIHTC and HOME funds will help finance the following affordable housing developments:
Valley Hills Apartments in Casper, submitted by Summit Housing Group, will receive tax credit and HOME funds for a 36-unit new construction, affordable housing project.
Cedar Creek Apartments II in Jackson, submitted by Machacek Real Estate Holdings, will receive tax credit funds for the rehabilitation of a 27-unit, affordable housing project.
Fox Farm Townhomes in Cheyenne, submitted by Summit Housing Group, will receive tax credit funds for a 47-unit new construction, affordable housing project.
Developers had to demonstrate that the proposed project not only meets the community's housing needs, but also serves the appropriate in-need population as determined by income levels, rent levels, age, special needs, family size and other demographic factors. The developers determine these needs through market feasibility studies and research.
A second round of funding is now open with a deadline to submit applications of August 22, 2014 with final decisions schedule approximately November 13, 2014.
For more information, contact the WCDA at (307) 265-0603.
More From K2 Radio
![WCDA Wins Award for ‘Pay it Forward Home Makeover’ Campaign](http://townsquare.media/site/101/files/2022/10/attachment-311614322_458061252974405_5917570280890453488_n.jpg?w=980&q=75)
![VIDEO: WCDA Provides ‘Home Makeover’ to Casper Family](http://townsquare.media/site/101/files/2021/12/attachment-screenshot-51-.jpg?w=980&q=75)
![Suicide Prevention Among Ideas Discussed by Governor Gordon to Receive Future Funding](http://townsquare.media/site/99/files/2021/03/Governor-Mark-Gordon.jpg?w=980&q=75)
![WDH To Change Opioid and Drug Misuse Efforts](http://townsquare.media/site/99/files/2019/04/Hydrocodone.jpg?w=980&q=75)
![Governor Gordon Offering Additional Funding to Healthcare Workers & Facilities](http://townsquare.media/site/101/files/2020/07/DSC8062.jpg?w=980&q=75)
![Two Natrona County High Schools Will Have Common Schedule](http://townsquare.media/site/101/files/2021/03/Kelly-Walsh.jpg?w=980&q=75)
![WYDOT Delays 11 Construction Projects, Redirects $436 Million to Maintenance](http://townsquare.media/site/101/files/2014/05/Construction.jpg?w=980&q=75)
![Wyoming Governor Doubles Down on Budget Cuts; Agencies to Cut 20% Total](http://townsquare.media/site/99/files/2020/03/Governor-Mark-Gordon.jpg?w=980&q=75)
![Wyoming Business Council Ends Application Period for Interruption Relief Fund](http://townsquare.media/site/101/files/2020/07/Wyoming-Business-Council.-Google-Maps.jpg?w=980&q=75)