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Waveland Community Development Allocates $33 million New Market Tax Credits to Brooklyn, NY Mixed Use Development (December 2009)



Waveland Community Development is pleased to announce that it has allocated $33.5 million New Market Tax Credits to assist in the financing of 150 Clermont, a mixed use development in Brooklyn, New York. This 76,000 square foot, six-story structure, contains 52 rental apartments, ground floor retail, and a parking garage. Retail tenants include a day care facility, a green grocer, and a Walgreens that provides pharmacy and clinical services. Goldman Sachs provided both the senior debt and tax credit equity.

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