CIS receives LIHTC Awards

Barton Concept Elevation_REVISED 3-2-2017

CIS is pleased to share the exciting news that the Place at Plainsboro was selected as one of the 29 affordable housing communities awarded 9% Federal Low Income Housing Tax Credits (LIHTC).

As announced, on Friday, August 25, 2017 the 29 projects consist of 2,175 apartments within 14 counties across New Jersey and total approximately $40 million in LIHTC funds.

CIS also received an award of volume cap (4% LIHTC with tax-exempt bonds) and an award of CDBG-DR FRM (Fund for Restoration of Multifamily Housing under Superstorm Sandy Community Development Block Grant – Disaster Relief) for an age restricted community known as Heritage Village at Galloway.

A big thank you to all our staff, professionals, partners, investors, and friends who make what we do possible.

by Samantha