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