Associated Bank as lead arranger and administrative agent completed a $60.472 million construction loan for Dominium. This national developer is creating a 324-unit affordable-housing project, Emblem at Tower, at 12100 Tower Road in Manor, a suburb of Austin, Texas.
Associated Bank as joined by Great Southern Bank in the construction-loan syndication.
The 4% LIHTC project will be available to residents with incomes that do not exceed 60% of the area median income. The complex will consist of 11 three-story buildings with a mix of two-, three- and four-bedroom units. Completion is slated for early 2027.
