Cabretta Capital, a tax credit syndication firm with expertise in structured tax credit equity funds, is pleased to announce their partnership with Wendover Housing Partners, a privately held real estate development, investment, and management company, to provide the financial services and low-income housing tax credit equity (LIHTC) for Hartland Station, a $28-million affordable housing development in Atlanta, Georgia. 

The Hartland Station project will help revitalize Atlanta’s underserved Sylvan Hills neighborhood and will offer 131-multifamily units and feature a modern, garden-style townhouse design. The new construction development will also include amenities such as a business center, picnic area, tot lot, and an onsite gym. To ensure affordability, 40 units will be set aside for those earning 50 percent AMI and below and 70 units set aside for those earning 60 percent AMI or below.  

“Creating affordable housing is truly a community effort, and we appreciate the partnership we have with Cabretta Capital that is helping to make Hartland Station a reality,” said Jonathan L. Wolf, president and founder of Wendover Housing Partners. “The team at Cabretta Capital made the process straightforward and seamless, which allowed us to focus on other aspects of the project. Together, we are providing a solution for families struggling with the cost of housing in Atlanta, as well as serving as a catalyst for additional improvements to the community.” 

“We’re thrilled to have a hand in another critical community asset like Hartland Station,” said Brent Watts, president of Cabretta Capital. “As a company, we pride ourselves in our ability to be agile and meet the complex needs of our clients who are developing places like Hartland Station.We’re looking forward to the day this new neighborhood is full of life and home to families and individuals in need of safe and affordable housing.”