By Tony O. Lawson SoLa Impact built its business on private investment and Opportunity Zone capital. For Broadway & Imperial, a 166-unit development in South Los Angeles, the firm is turning to federal housing tax credits and bond financing. SoLa recently secured a $92.9 million financing package for the project, planned at Broadway and Imperial Highway. The package includes a $43.8 million construction loan, $18.1 million in federal Low-Income Housing Tax Credit (LIHTC) equity and a $31 million Fannie Mae permanent loan. KeyBanc Capital Markets also underwrote a $31 million public bond issuance as part of the broader transaction. Inside
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