BETHESDA, MD – Alliant Capital, a Walker & Dunlop company, announced its $40 million investment for Shiloh Crossing, a new construction of 171 Low Income Housing Tax Credit (LIHTC) units in Windsor, Sonoma County, CA.
The team, including Dudley Benoit, senior vice president and chief production officer, and Jennifer Erixon, managing director, led Alliant s LIHTC syndication of the tax credits to the project’s development and ownership team, Integrated Community Development (“ICD”) and Corporation for Better Housing (“CBH”), a California nonprofit corporation. Together, the teams will build housing for families with incomes up to 30% to 70% of the area median income (“AMI”).
“Working closely with CBH and Alliant Capital enables us to deliver on our vision and belief that our work makes communities that uplift people’s lives,” said Jake Lingo, senior vice president at ICD. “Shiloh Crossing embraces the concepts of transit accessibility, pedestrian-friendly design, inclusiveness, and sustainability to make a vibrant development that will help to alleviate the housing shortage in Windsor. Having a strong syndicator in today’s volatile market is paramount, and we are thankful for the relationship we have forged with Alliant Capital.”
“Alliant has been key in closing this property,” said Lori Koester, executive director at CBH. “Alliant has partnered with CBH to build 59 properties totaling over 3,730 units, and this one is no different. We are glad to continue to make a difference in affordable housing with Alliant by our side.”
Alliant, ICD, and CBH recently worked on a similar project in Sonoma County, a new construction consisting of 101 LIHTC units generating $26 million of federal LIHTC equity called Baumgardner Terrace.
“Alliant is pleased to work with CBH yet again on another much-needed affordable property,” said Jennifer Erixon. “Shiloh Crossing will generate $40 million in Federal LIHTC, $5.5 million in California state tax credits, and over $300,000 in energy credits. The state and federal LIHTC programs are essential tools to address the growing housing crisis throughout the country.”
Shiloh Crossing is a new construction project consisting of two buildings. The five-tale “U”-shaped North Building will have 130 units, and the four-tale mixed-use South Building will have 43 units with two large commercial spaces, administrative offices, and community space. Located in a mixed-use neighborhood in northeast Windsor, Shiloh Crossing is in a excellent location for multifamily use, and its proximity to schools, employment, public transportation, retail, and other area services is expected to have a positive impact on its marketability.
Alliant Capital, a Walker & Dunlop company, is the nation’s sixth largest LIHTC syndicator. Today, Alliant Capital’s portfolio exceeds $14 billion in assets under management and has provided housing for over 400,000 low-income families, seniors, and veterans.

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TACOMA, WA – USG Realty Capital, a leading investment sponsor specializing in opportunity zones, announced the details of its ground-up opportunity zone project, Market Square Apartments, as part of its Investors Choice OZ Fund, an investor-directed, multi-asset opportunity zone fund offering. The 176-unit fully entitled multifamily project, located in Tacoma, Washington, will also include ground-floor retail space. The property will be developed in partnership with Plus Capital Partners and is scheduled for completion in June 2024.
“When looking for our next qualified opportunity zone project to include in our portfolio, the Tacoma submarket stood out as an exceptional area that meets our strict standards,” said Greg Genovese, founder of USG Realty Capital. “Tacomahas strong fundamentals, with an impressive occupancy rate, rent growth rate and apartment sales volume, all of which have exceeded recent averages. We are very pleased to partner with Plus Capital Partners, a leading development firm, and to add Market Square Apartments to our portfolio.”
Located in the exceptional submarket of Tacoma, near Seattle, Market Square Apartments will be an eight-tale multifamily building located directly adjacent to the Greater Tacoma Convention Center and the University of Washington’s Tacoma Campus. The luxury apartment building will include several highly desirable amenities, such as a fitness center, storage for 184 bikes, a pet grooming area, a conference room, two rooftop amenity decks, two resident lounges with kitchen and dining and five laundry facilities.
Tacoma is a booming hub for tech startups and small businesses, due in part to its robust broadband infrastructure and convenient freeway and rail line access, which offers an simple commute to Seattle and its large regional employers. Major roadways Interstate 705 and State Route 509 are within 2,000 feet of the Market Square Apartments property. Several downtown Tacoma employers, including St. Joseph Medical Center and Columbia Bank, are just a small drive away. Additionally, the University of Washington’s Tacoma campus, ranked as one of the top pubic universities in the West by U.S. News & World Report, is expected to grow to 10,000 students in the upcoming years, potentially increasing demand for nearby housing. As it is located in one of the area’s six designated opportunity zones, the project also allows for potential tax benefits.

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ST LOUIS, MO – Aptitude Development is set to develop The Marshall St Louis, a 508 bed development across from St Louis University. The Marshall St Louis will be the 10th ground up development for Aptitude since its inception in 2014 and the 7th iteration of its Marshall brand. Construction will start this spring and be completed for Fall 2025.
Amenities at the property will include an expansive hot tub, best in market fitness facility, gaming lounge, collaborative and individual study lounges, café areas and fire pits. The Marshall will have two-tale 5 bedroom townhouses on its top floors offering some of the most unique living opportunities in the market.
“We are excited to expand our brand and bring this exciting project to the St. Louis University market. SLU has seen strong growth of its enrollment and the supply of quality off campus student housing has not kept pace,” said Jared Hutter, Founder and Chief Snow Shoveler for Aptitude Development. “The proximity to campus and to the adjacent City Foundry development make this an incredible opportunity for both Aptitude and ultimately the students who will live there”. The City Foundry, located right next door is a neighborhood transforming mixed use development with retail, restaurants, office space and residential units that locally brings much needed offerings to the SLU area as well as the adjacent Cortex Innovation District. “The Marshall St Louis is the next of a fantastic lineup of projects we plot to build in the coming years,” Hutter added.
St Louis University, founded in 1818, is a world class institution and one of the nations oldest and most prestigious Catholic Universities. With more than 13,000 students, SLU boasts more than 15 graduate and undergraduate programs ranked in the top 50 in the US.

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