New Market Investors LLC

Clear Horizon Apartments

Clear Horizons Apartments is an 84-unit garden style apartment property  located at 4305 Illinois Ave. in Shreveport.  The acquisition and renovation of the property was financed in 1993 through a tax-exempt bond issued by the City of Shreveport and the sale of tax credits to an affiliate of Related Capital.  100% of the apartments are reserved under the tax credit program and the 15-year compliance period ends in 2009.  100% of the apartments are covered by a project based Section 8 rental assistance contract which expires in 2008.

This property was sold in 2011.