June 8, 2022
$31,240,000
WHEFA Bond Financing Helps FAH Maples, LLC
Bonds Placed with Merchants Bank of Indiana, Redline Capital Group LLC, FAH Tax Exempt Investors II, L.P. & an Individual Investor
“Tax-exempt financing is an important and effective financing tool for Foundation for Affordable Housing, which has enabled it to attract capital to be invested in creating and preserving affordable housing facilities.”
– Mitchell Hiatt, Vice President and General Counsel
Foundation for Affordable Housing
FAH Maples expects to employ 8 full-time equivalents in Wisconsin
Bond financing facilitated by WHEFA will be used to help FAH Maples finance the acquisition of and renovations to an affordable housing multifamily apartment project. This tax-exempt financing process has enabled FAH Maples to operate more effectively by financing its capital expenses at a low interest rate.
WHEFA is proud to continue its mission of assisting all eligible Wisconsin nonprofit institutions to obtain and maintain access to tax-exempt financing in order to finance their capital improvement and expansion needs.
