Developments > Prospect Estates
This project involved rehabilitation of 2 buildings of historic importance into 25 units of housing in downtown Webster. The buildings were acquired by the Webster Housing Authority at a foreclosure auction in 1995. The Authority created a subsidiary to own and rehabilitate the property in 1999.
Prospect Estates
Project at a Glance:
Location:
Webster
Development Type:
Rental
MHIC Financing:
$1,210,000 in debt financing, $1,864,128 in LIHTC financing
Sponsor:
Winn Development
Number of Units:
25
This project involved rehabilitation of 2 buildings of historic importance into 25 units of housing in downtown Webster. The buildings were acquired by the Webster Housing Authority at a foreclosure auction in 1995. The Authority created a subsidiary to own and rehabilitate the property in 1999.