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Preservation of Affordable Housing at Marblehead Apartments

Marblehead Apartments

Edge Fund made a BridgeSmart Acquisition Bridge Loan to a Merchants Affordable Housing Corp (MAHC) development for the acquisition of the Marblehead Apartments allowing the preservation of 35 affordable rental housing units.

MAHC will utilize the time the BridgeSmart loan provides to develop a project and an Indiana Housing and Community Development Authority (IHCDA) application for a Low Income Housing Tax Credits (LIHTC) allocation to aid in the preservation of the 35 affordable housing units.