Hunt Capital Partners Transfers Ownership of LIHTC Property to City of Brownsville

BROWNSVILLE, Texas — Hunt Capital Partners has transferred its interests in Sunset Haven Apartments, a 100-unit affordable housing community in Brownsville, to the Brownsville Housing Management Corp. (BHMC), an affiliate of the Housing Authority of the City of Brownsville (HACB). Since its development in 2008, Sunset Haven has served seniors earning up to 30 and 60 percent of area median income (AMI). HACB’s goal is to acquire full ownership of the tax credit properties within city limits. Once a compliance period is reached, transference of ownership to a city or nonprofit ensures the community will continue in its purpose to serve low-income seniors. Sunset Haven Apartments is a three-story community developed using the 9 percent Low-Income Housing Tax Credit program. The property features a unit mix of 21 studio apartments, 62 one-bedrooms and 17 two-bedroom units.