James A. Dobson
Rochester, New York
Resident Profile: Multifamily
Financing: Tax-exempt financing using bonds issued by the County of Monroe Industrial Development Agency and placed by MMA Financial. Equity raised through the sale of 4% low income housing tax credits, allocated by the New York Development of Housing and Community renewal and syndicated by MMA Financial.
Managed by: Preservation Management
James A. Dobson was originally financed under Section 221(d)(3), the property was purchased by the principals of Evergreen Housing Partners in 2007. Extensive rehabilitation construction was completed in 2008 and 95% of the apartments are covered by Section 8 project-based subsidy.