MARINETTE – Hunt Capital Partners announced the closing of $6.27 million in federal low-income housing tax credit (LIHTC) equity financing for the new construction of Trolley Station Terrace. Based in Marinette, the new mixed-income development will offer 45 affordable apartments, featuring 38 income-restricted and seven unrestricted market-rate units. The LIHTC homes will be reserved for income-qualified families who earn up to 30, 50 and 60% of the area median income.

Existing Marinette residents as well as workers drawn into town by jobs created through the new shipbuilding contract at Fincantieri Marinette Marine will not only benefit from new employment opportunities, but also from new housing via the Trolley Station Terrace development.