Huntington Community Impact Capital (CIC) has committed $35.2 million in direct LIHTC equity to support this development along with $63.5 million in construction financing. The project will also benefit from a 45L energy tax credit, enhancing its efficiency and sustainability.
Nashville based Elmington Capital Group (“Elmington”) is spearheading the project, drawing on an extensive track record of operating, acquiring, and building properties across 14 states. Having developed more than 6.000 multifamily units in the South and Midwest, Elmington also servs as a large third-party property manager, striving to elevate affordable housing with modern amenities. This development builds on the successful collaboration between Elmington and Huntington CIC, which has previously provided equity capital for two other LIHTC apartment communities in the Cincinnati region.
Through this effort, we are providing families in Columbus with well-equipped, welcoming homes that strengthen neighborhoods and foster long-term stability.