CONSTRUCTION OF 27-UNIT APT. COMPLEX UNDERWAY IN MISSOURI

NEOSHO, MO. — Boston Capital is investing $3.6 million in the construction of Prairie View Estates, a 27-unit multifamily development in Neosho, a city in southwest Missouri. The development will be built with tax credit equity from the Low Income Housing Tax Credit program. Affordable Housing Development Inc. is the developer. The construction of Prairie View Estates will generate $2.8 million in local salaries and create more than 40 new jobs in the Neosho area. Boston Capital's investment in the development adds 27 units of affordable housing to its apartment portfolio. To date, Boston Capital has invested in approximately 5,000 units of affordable housing in Missouri. Prairie View Estates will feature 27one-story, single-family rental homes available to families earning 60 percent or less of the area median income. Each 1,408-square-foot home will include three bedrooms and two bathrooms, as well as in-unit washers and dryers, two-car garages, patios, walk-in closets and FEMA-approved safe rooms.