Google Invests $86 Million In Low-Income Housing Via U.S. Bank

U.S. Bancorp Community Development Corporation (USBCDC), a division of U.S. Bank, has arranged and will manage an $86 million Low-Income Housing Tax Credit (LIHTC) fund for Google. According to release, the fund will used for the construction and operation of 480 affordable rental housing units for low income families and senior citizens in seven communities […]

U.S. Bancorp Community Development Corporation (USBCDC), a division of U.S. Bank, has arranged and will manage an $86 million Low-Income Housing Tax Credit (LIHTC) fund for Google. According to release, the fund will used for the construction and operation of 480 affordable rental housing units for low income families and senior citizens in seven communities throughout the West and Midwest.

Many of the complexes include a range of one to four-bedroom apartments, and offer a shared laundry facility and community gathering area. In addition to this USBCDC sponsored fund, Google also recently invested in two other low-income housing projects for senior citizens, one in the San Francisco Bay community of Sunnyvale, and the other in the Los Angeles County community of Inglewood.

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