Oakwood Village Apartments
About the project
Since 1995, WESCAP Investments, Inc. has been giving back to the community by developing and maintaining a portfolio of affordable multifamily apartments. WESCAP Investments, Inc. is committed to long-term home ownership, and builds every complex with quality and durability in mind.
WESCAP Investments, Inc. is headquartered in Phoenix, AZ, and its properties span multiple states, including Arizona and Iowa.
LISC provided WESCAP Investments with $2,695,000 in funding for the debt refinancing of its Oakwood Village 1 project, located in Flagstaff, AZ. The currently-occupied buildings contains a unit mix of 42 two‐bedroom units with 780 square feet each, and 30 three-bedroom units with 963 square feet each. With 72 units in total, the development addresses the great demand for affordable workforce housing in an area that has high barriers to entry due to its mountain location, lack of developable land, student population, and many vacant vacation homes.
Partner:
WESCAP Investments, Inc.
Location:
Flagstaff, AZ
Total Investment:
$2.70 million
Results:
72 units
Project Category:
Affordable Housing
Product:
Refinancing Debt
UN SDGs:
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