Grand Opening: Morningside Terrace Apartments
Congratulations to Community Capital Financial Advisory Services, Inc. on the Grand Opening of Morningside Terrace apartment in Winona, Minn.! The rehabilitation of 54 one and two bedroom homes for families provides accessibility and energy efficiency upgrades as well as overall systems improvements.
Building Green in Minnesota
The project meets the Minnesota Green Communities criteria. Construction and permanent financing was provided by Dougherty Mortgage in the form of a $1.07 million HUD 221d4 loan. Additional permanent financing was provided via a $1.05 million HOME loan from Minnesota Housing Finance Agency, and a $225,000 loan from the City of Winona. Enterprise provided $4.1 million of equity.