GROUNDFLOOR, BOSTON CAPITAL PARTNER ON McKINNEY APARTMENT COMPLEX

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McKINNEY, TEXAS — GroundFloor Development and Boston Capital are partnering to build The Millennium, a 164-unit multifamily property in the Dallas/Fort Worth suburb of McKinney. The garden-style complex will include one-, two- and three-bedroom apartments, as well as a fitness center, business center, media room, swimming pool, barbecue area and playground. Thirty-four of the units will be offered at market rents, with the remainder available to families and individuals earning 60 percent or less of the area median income. Dallas-based GroundFloor will develop the project with equity from both Boston Capital and the Low Income Housing Tax Credit (LIHTC) program.

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