Red Stone Provides $5,340,000 in Tax-Exempt Financing for the New Construction of an Affordable Multifamily Rental Community in Washington, D.C.

NEW YORK--(BUSINESS WIRE)--Red Stone recently closed the following tax-exempt bond transaction via its proprietary bond purchase program, Red Stone Direct: Red Stone structured and acquired $5.34 million of tax-exempt bonds issued by the District of Columbia Housing Finance Agency. The proceeds of Red Stone’s tax-exempt bond acquisition will provide construction-period and permanent financing for the new construction of Langdon Apartments (the “Property”), a 33-unit multifamily affordable housi