In December, MCC financed Waverly North with a two‑note loan supporting 76 new LIHTC units affordable at 30–80% AMI. Located in Austin’s District 9, the development blends the restoration of two historic buildings with the construction of a new three‑story residential building. Backed by our Capital Magnet Funds award, MCC’s structure delivers comprehensive financing from predevelopment through permanent loan. The project’s walkable, transit‑oriented location offers residents easy access to daily essentials and community amenities.

This closing was part of MCC’s 17‑loan portfolio in 2025, helping create or preserve more than 1,600 affordable homes in eight states, from Washington to Florida to New York.