Butter Valley
120 Creamery Lane, Bally Borough, PA 19503
56 Units
General Occupancy
Sources of Funds
- Low Income Housing Tax Credit (LIHTC) equity
- Conventional Construction Loan
- Conventional Permanent Loan
Project Description
Located in Bally Borough, Butter Valley Commons features 56 townhouse units and a community center across eleven buldings. The site is situated across from a community park and is the final phase of a larger development, in which three for-sale phases had already been completed. Butter Valley Commons is the second general occupancy LIHTC community in the Primary Market Area and the only LIHTC community in eastern Berks County. The development featured geothermal heating and cooling and a dedicated community building consisting of a meeting room, kitchen, computer lab, on-site management office, resident manager, and on-site maintenance area. The proposed financing was straightforward with two sources of funds, tax credit equity and a conventional loan.
Project Status: Completed 2017
