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Affordable Seniors Housing in Locust

Affordable Seniors Housing in Locust
Ardsley Commons
Ardsley Commons, which upon completion will include 36 units of affordable seniors housing in the town of Locust, NC, has obtained a $3.7M construction loan to get things rolling. (There's an unpleasant 19th-century back story  to the town's name, probably.) Boston Capital Finance closed the 24-month loan into the Boston Capital Intermediate Term Income Fund, a fixed-rate, construction financing fund. BCF VP Bill Fazzano tells us that the town, which is about 25 miles east of Charlotte, has the necessary strong demographics to support the development.