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Ketchum Community Development Corporation gains $8.8 million in affordable rental housing funds

Tax credits help Ketchum CDC close in on affordable rental project

Nearly $9 million in federal tax credits could help the Ketchum Community Development Corporation http://www.ketchumcdc.org/ build 32 affordable rental units.

Michael Carpenter, chair of the CDC’s Affordable Workforce Housing Team, announced Friday that after a competitive application process against 19 other projects throughout the state, the nonprofit organization was awarded $8.8 million in tax credits by the Idaho Housing and Finance Association.

The application was made with the help of Allied Pacific Development, the development arm of Seattle-based affordable housing consulting company Pacific Housing Advisors.

By JON DUVAL
Express Staff Writer

Full Story: http://www.mtexpress.com/index2.php?ID=2005124376

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Northwood Place project to be built adjacent to YMCA on Saddle Road

By Michael Carpenter, Ketchum CDC

Ketchum Community Development Corporation, a non-profit organization founded by the City of Ketchum, will partner with Allied Pacific Development of Seattle to develop 32 units of affordable rental housing on the north end of the city-owned YMCA lot on Saddle Road.

Full Story: http://sunvalleyonline.com/news/article.asp?ID_Article=6244

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