Wellington Development

Wellington Development

Wellington Development

Evergreen has established a joint venture with Wellington Development, a Virginia-based affordable housing developer specializing in Low Income Housing Tax Credit (LIHTC) projects. Wellington has secured approval for funding to develop a pre-approved 90-unit LIHTC project called Tuscarora Crossing, located in Loudon Country, VA. Evergreen’s investment is being used to fund pre-development activities and the submission of LIHTC and Virginia Housing (VHDA) applications for several projects in the pipeline.

Wellington’s senior partner is one of the region’s most successful affordable housing developers. His institutional knowledge, experience, relationships, and domain expertise gives Wellington a distinct competitive advantage in the marketplace.

August 25, 2020