Blackstone Provides $31M for Phoenix Seniors Affordable Housing Development

Blackstone has expanded its partnership with Dominium by providing $31 million of tax credit equity for the affordable housing developer’s latest project in Phoenix, Commercial Observer can first report.

Blackstone Partners With Dominium on Phoenix Affordable Housing Development

The transaction represents the first LIHTC investment made by Blackstone’s April Housing portfolio company Blackstone is providing $48 million of tax credit equity for Dominium’s new affordable housing development in Phoenix, Commercial Observer can first report. The transaction marks the first Low Income Housing Tax Credit (LIHTC) investment made by April Housing, a Blackstone Real Estate portfolio company. […]