A 272-unit new-construction, mixed-income development for low and moderate-income seniors age 55 years and better located in Rowlett, Dallas County, Texas, approximately 1.0 miles east of George W. Bush Tollway near the redeveloped Baylor Scott and White hospital. This development serves senior at or below 60% of AMFI for 1000% of the living units. The site is located in a zero vacancy, urban infill, area of Dallas County near Lake Ray Hubbard. Medical service providers surround the property location. Construction financing and HTC equity for this development has been provided by IBC in conjunction with a tax-exempt bond offering for $27MM. The bonds closed on December 22, 2017 and the contractor broke ground on the project in December 2018. Completion in 18-20 month is July 2020 with full occupancy by December 2020. RISE is the general contractor and property manager. SHA is the development consultant. The construction contract is $28.0MM. RISE was the property manager through lease-up and stabilization. At stabilization, the interim loan is repaid with a TEL from Freddie Mac pursuant to a forward commitment.