Congratulations to our partner The NHP Foundation on Seabrook Square, which will bring 204 affordable rental homes to Austin, Texas, with 10 set aside as live-work residence-studios for artists. This development is NHP Foundation’s first foray into Austin. The project is a partnership with the Austin Housing Finance Corporation, and Capital A Housing. Seabrook Square is being financed by $40 million in tax-exempt bonds issued by the city of Austin, $32.3 million in 4% low-income housing tax credit equity by Boston Financial, $13.5 million in Austin Housing Finance Corporation subordinate debt financing, and $3.4 million Citibank construction bridge debt.