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SOCORRO VILLAGE APARTMENTS
Client:
Year:
Units:
40
NMSHC
2010
Location:
Socorro, NM, USA
This not-for-profit developer utilized a new State Tax, tax credit program in a very inventive way. The property was owned and managed by the City of Socorro. Under the agreement, the property was donated to a non-profit who was awarded ½ the value of the property in tax credits which they parlayed with other funding sources to conduct the renovated.
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