Union Gospel Mission will receive approximately $11..9 million in low-income housing tax credit (LIHTC) equity to develop its The Vineyard on Lancaster housing development, Affordable Housing Finance reports.
In a Facebook post reporting the news, Union Gospel Mission stated: “The Vineyard will benefit the people of Fort Worth in desperate need of a quality, safe place to live.”
Hunt Capital Partners announced that it will provide the funding for the project, which will include 94 LIHTC apartments and commercial space for a medical clinic. The new development will be located near the current UGM campus on East Lancaster in Fort Worth.
Read more about this project in our previous post.