Congratulations to Brikwell on their $1.95m Prop 123 Concessionary Debt Award

🎉 Congratulations to Brikwell on receiving a $1.95 million Proposition 123 Concessionary Debt Award for The Ascent!

The Ascent will deliver 144 units of Affordable multifamily rental units through the Non-Competitive 4% Low-Income Housing Tax Credit program, providing housing opportunities for individuals and families earning between 30-70% of Area Median Income, with an income average at or below 58% AMI. As housing affordability continues to be one of the region's greatest challenges, projects like The Ascent are critical to expanding housing options for our workforce, families, seniors, and community members who are increasingly struggling to find attainable housing. To Learn More about the Ascent Project here.

The Proposition 123 award is especially important because it helps advance the project and is one piece of the capital stack helping ensure that the affordability is maintained.

👏 Congratulations to the entire Brikwell team on this well-deserved achievement!


Share Congratulations to Brikwell on their $1.95m Prop 123 Concessionary Debt Award on Facebook Share Congratulations to Brikwell on their $1.95m Prop 123 Concessionary Debt Award on X (formerly Twitter) Share Congratulations to Brikwell on their $1.95m Prop 123 Concessionary Debt Award on Linkedin Email Congratulations to Brikwell on their $1.95m Prop 123 Concessionary Debt Award link