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Anderson Estates-Palmyra (Post Revitalization)

Process consisted of 2 transfers

1st transfer to NECAC as non profit at new rates and terms

2nd transfer was to a Limited Partnership in which NECAC Affordable Housing LLC is the Managing General partner in order to sell the LIHTC to investors (terms of this transfer were same rates and terms)

New C.N.A. obtained which factored in planned rehab work.

Debt of 2 properties were consolidated streamlining reporting and recordkeeping requirements.

RA available to both complexes since they are now 1.

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