Billy G. Mills Manor

Walker & Dunlop Affordable Housing | Debt recently arranged a $28.9 million HUD 223(f) refinance for Billy G. Mills Manor, a 102-unit affordable housing community in Los Angeles, California.

Led by Jeff Kearns and Laura Woltanski, the team arranged the financing on behalf of Watt Capital Developers. The transaction closed simultaneously with a 20-year renewal of the property's Project-Based Section 8 Housing Assistance Payment contract, preserving long-term affordability while funding approximately $30,000 per unit in planned renovations.

Located near the University of Southern California, the community provides affordable housing with convenient access to public transportation, retail, and neighborhood amenities.

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