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Stock impact report

FTK Awarded $14MM+ for Houston LIHTC Project [Yahoo! Finance]

PNC Financial Services Group, Inc. (The) (PNC) 
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am Check Earnings Report
Company Research Source: Yahoo! Finance
Housing Tax Credit (LIHTC) rehabilitation projects, is pleased to announce a contract award for the rehabilitation of Coolwood Oaks Apartments. The amount of the contract award is more than $14 million. Coolwood Oaks Apartments, built in 1984, offers one, two and three bedroom apartments. The property consists of 168 apartment homes throughout 10 buildings and is located in Houston, Texas. The property is owned by Fairstead, a nationally vertically integrated real estate company headquartered in New York that owns more than 27,000 apartment units nationwide. The architect for this project is affordable housing specialty firm, DNA Workshop. Financing for the project is provided by PNC Bank, Houston Housing Finance Corp. and the Texas Department of Housing and Community Affairs. FTK will complete extensive interior and exterior renovations at Coolwood Oaks Apartments over a 15-month timeframe. The exterior renovation will include new roofs, siding replacement/repair, windows, and li Show less Read more
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