Ovata at Reedy Creek is a newly developed 78-unit affordable family housing community located in the Charlotte, North Carolina metropolitan area, financed through a tax-exempt bond and 4% Low- Income Housing Tax Credit (LIHTC) structure to provide high-quality housing for low- and moderate- income households in one of the fastest-growing regions in the Southeast. The property offers modern, professionally managed apartment homes designed to support long-term housing stability for working families while maintaining rents at affordable levels relative to area median income. Residents benefit from safe housing, community amenities, and convenient access to employment centers, schools, transportation corridors, and essential services within the Charlotte market. The development also delivers meaningful community impact by increasing the supply of workforce housing, supporting economic mobility for residents, generating construction and permanent jobs, and contributing to balanced regional growth in a market experiencing significant housing affordability pressure. Valhalla Finance & Tax Advisory advised a bank client that provided both the LIHTC equity investment and the tax-exempt construction bond financing, helping structure the capital stack that enabled the project to move forward and deliver long-term affordable housing benefits to the community.
Ovata at Reedy Creek
