Swan Run
In February 2024, Ascent and Housing Impact Fund II acquired a 92-unit apartment near Providence Rd and Highway 51. Swan Run apartments are positioned where the average household income is 150,00/year within a 1-mile radius, and surrounding single-family homes are mostly valued in the $650K-1M range. The partnership placed a long-term deed restriction so units remain affordable to 30-80% AMI households and will invest in significant upgrades to major building systems.
Units: 92
Acquisition Date: 2024