Alliant Capital has closed financing for Quaker Arts.
The project will feature 53 family units for tenants whose income is between 30 and 80 percent of the Area Median Income (“AMI”). Preference will be given to those involved in the arts.
Twenty-three of the units will include creative studio space. Common areas will include four art studio spaces which can be reserved by the tenants, a computer lab for written word artists, a fitness/multipurpose room for dance artists and four music rooms for musical artists.
In addition, the project includes a community garden, and a community room with a meeting/study room, art vaults, a kitchenette, and office space.
Alliant Capital will partner with Connections CSP, one of Delaware’s largest nonprofits. Collaborating with government, community, corporate, and other philanthropic partners.
CSP operates in 100 separate locations in Delaware. This is Alliant’s first transaction with Connections CSP.
The Alliant Company is a tax credit (LIHTC) firm focused on providing tax credit syndication for the development and financing of affordable multifamily rental housing.