Four Seasons Apartments

Four Seasons Apartment is an 80-unit development in Hobbs, NM. HW Development conducted a rehabilitation of the project, which was funded by 4% low-income housing tax credits allocated by the New Mexico Mortgage Finance Authority and tax-exempt bonds issued by the City of Hobbs. Regions Bank was the project’s construction and permanent lender along with the project’s syndicator.

​

Development Highlights

• Location: Hobbs, NM

• Units: 80

• Housing Type: Families

• Architect: AKS Architecture, P.C.

• LIHTC Equity: Regions Bank​

• Construction Loan: Regions Bank

• Permanent Loan:  Regions Bank

• Low-Income Housing Tax Credit Agency: New Mexico Mortgage Finance Authority