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LEDG Capital closed financing for a 113-apartment mixed-income property in Dallas. The company plans to convert the community into 100 percent affordable housing and renovate the property. 

Under the plan, the 90 market-rate units at Paradise Gardens Apartments will be converted to affordable housing for 30 years under a Low-Income Housing Tax Credit Land Use Restrictive Agreement. Under the new rent and income restrictions, apartments will be affordable to households earning between 30 and 80 percent Area Median Income (AMI).