The Community Development Trust ("CDT"), a national investor in affordable housing, has announced a new $1.8 million equity investment in Kensington Heights Apartments, a nine-story, 126-unit affordable housing apartment building in Kansas City, Mo., that serves low-income senior citizens and people with disabilities.

CDT acquired the property through a joint venture with Cleveland-based The Millennia Companies ("Millennia"), a developer and management company that manages over 20,000 units of affordable housing throughout the Midwest, Southeast and Mid-Atlantic regions. Millennia owns and manages three other affordable housing properties in the Kansas City area.

Read the full press release here

 

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