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Stock impact report

Safehold Closes 20th Affordable Housing Ground Lease, First in Texas [Yahoo! Finance]

Safehold Inc. New (SAFE) 
Last safehold inc. new earnings: 4/23 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
ground lease for the development of an Affordable Housing community in Austin, Texas. The Low-Income Tax Credit development will provide 348 total units upon delivery in 2028. The project will be developed by The NRP Group, one of the most active developers of Affordable Housing in the United States. "We're thrilled to establish a relationship with the team at NRP, and to break into the Affordable Housing market in Texas," said Steve Wylder, Safehold's Head of Investments. "As we continue to expand our Affordable Housing business, we are positioning our low-cost ground lease capital as an innovative new tool to help developers fill capital structure gaps and move projects forward." The project is located in Southeast Austin, a high-growth region with strong long-term fundamentals and demand for high-quality housing product. "This transaction represents our 20 th ground lease in the LIHTC sector, facilitating the development of over 3,100 Affordable units," Wylder added. "We're e Show less Read more
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