Partners Eye $27 Million Development

Summary


Trustees' sales have twice been postponed on all three parcels as Green has sought to sell the properties as a whole, arguing that if Clare House doesn't continue to operate with a certain number of low-income units, he will have to reimburse Steadfast Cos., a limited partner in the venture, for the loss of low-income housing tax credits worth about $1.4 million.

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Extract


Partners Eye $27 Million Development

Whitewater Creek Inc., of Hayden Idaho, and the nonprofit Spokane Housing Ventures are working together on a $27 million deal to buy a struggling South Hill retirement complex and to devel...

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