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Deal Profile: Charles Place
200 Senior, Section 8 Units in Providence, RI
Chapter 15 Mark up to Market renewal of existing Project
Based Section 8 Contract at closing
Completed the acquisition and preservation of the property
using LIHTCs and private activity tax-exempt bond financing
Completed an $11MM renovation in 2016, addressing the
numerous deferred maintenance issues and renovating all
units and common areas
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