Beckett Gardens Apartments Beckett Gardens was an existing 132-unit affordable housing garden style apartment complex with an expiring Section 8 project-based contract.
SAA|EVI financed the acquisition, renovation, and construction of a new 8,500 square foot community center utilizing tax exempt bonds issued by Philadelphia Authority for Industrial Development (PAID), 4% LIHTC issued by the Pennsylvania Housing Finance Agency (PHFA), as well as a soft seller note. SAA|EVI utilized energy efficient and green construction standards including the construction of solar panels, as well as the use of wind powered electricity.