Chris Black

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    The 229-unit community is located in the Katy/Cinco Ranch/Waterside submarket in southwest Houston and offers units ranging from 620 to 1,326 square feet.

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    The transaction allows the company to convert the financial structure of 645 affordable housing units across nine communities for the Greensboro Housing Authority.

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    Although there is pushback from the apartment industry, small-balance owners can utilize the service to their advantage and earn additional income with relatively little risk.

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