Churchill Stateside Group Closes $11.3M Financing for Wisdom Woods Apartments in Peachtree City, Georgia
Churchill Stateside Group , a leading multifamily real estate and renewable energy financial services company, has announced the successful closing of a $9,000,000 construction loan and a $2,300,000 forward permanent loan commitment for Wisdom Woods Apartments, a 22-unit affordable family housing community located in Peachtree City, Georgia. The financing supports a significant rehabilitation of the existing apartment community, originally constructed in 1984, ensuring the long-term preservation of affordable housing for income-qualified families in the region.
The construction financing was provided through Churchill Mortgage Construction LLC (CMC), while the forward permanent loan commitment was issued through Churchill Mortgage Investment LLC (CMI). This coordinated financing structure is part of a 9% Low Income Housing Tax Credit (LIHTC) redevelopment, a federal initiative designed to preserve and expand affordable housing for low-income residents. By pairing construction financing with a forward permanent commitment, CSG ensures seamless capital availability throughout the redevelopment process, enhancing both operational efficiency and project stability.
Wisdom Woods Apartments: Affordable Housing with Long-Term Impact
Wisdom Woods Apartments comprises six residential buildings containing 22 two-bedroom, one-bathroom units. All units are reserved for households earning up to 60% of Area Median Income (AMI), preserving long-term affordability in Peachtree City. The community serves as an essential housing resource for working families, providing safe, well-maintained residences that are financially accessible.
In addition to LIHTC support, Wisdom Woods benefits from a project-based HUD Section 8 Housing Assistance Payments (HAP) contract, which provides rental assistance for residents. This combination of tax credit incentives and HUD support ensures that the redevelopment will maintain affordability while improving living conditions. The rehabilitation includes upgrades to the units and community spaces, ensuring residents continue to have high-quality housing that meets modern standards.
Expert Leadership Drives Redevelopment Success
Dan Duda, Executive Vice President, National Director of Originations & Acquisitions at CSG, emphasized the importance of the project:
“Wisdom Woods Apartments represents an important rehabilitation effort that will improve an existing affordable housing community while maintaining long-term affordability for residents. Our team worked closely with the sponsor to structure both the construction and forward permanent financing needed to successfully execute the redevelopment.”
By delivering both construction and forward permanent financing, CSG ensures that developers and sponsors can move projects forward efficiently, reducing delays and mitigating financial risk. This approach is particularly valuable for LIHTC developments, which require careful alignment of multiple funding sources to ensure both project feasibility and regulatory compliance.
Keith Gloeckl, Chief Executive Officer of CSG, added:
“This closing highlights CSG’s ability to deliver coordinated construction and permanent financing solutions for affordable housing developments. By providing both phases of debt, we take pride in helping move projects like Wisdom Woods forward efficiently while continuing to serve residents and communities.”
CSG’s model of combining creative financial structuring with deep industry expertise allows the company to support projects that make a tangible impact on local communities. By focusing on long-term affordability and high-quality redevelopment, CSG helps ensure that residents can remain in safe, stable housing, fostering continuity and community stability.
A Model for Affordable Housing Finance
The Wisdom Woods Apartments transaction exemplifies CSG’s leadership in the affordable housing sector. By integrating construction lending, forward permanent commitments, and LIHTC financing, the company demonstrates its ability to provide end-to-end capital solutions that meet the needs of developers, investors, and residents alike.
CSG has a longstanding commitment to delivering innovative, client-focused financing solutions that support the creation and preservation of affordable housing nationwide. Their work spans rehabilitation projects like Wisdom Woods Apartments, as well as new construction and renewable energy initiatives within multifamily developments. By leveraging flexible capital structures, deep sector knowledge, and strategic partnerships, CSG continues to strengthen communities and improve quality of life for residents.
Impact on Peachtree City and Beyond
The redevelopment of Wisdom Woods Apartments will enhance not only the quality of the housing but also the overall community in Peachtree City. Residents will benefit from modernized units, upgraded infrastructure, and improved community amenities, while the broader neighborhood retains a vital resource for working families. Preserving long-term affordability in high-demand areas like Peachtree City ensures that diverse households can remain part of the local community, supporting economic stability and neighborhood cohesion.
This project underscores the broader role of private capital in addressing affordable housing challenges. By structuring financing solutions that are responsive to both developer and resident needs, CSG helps ensure sustainable outcomes that balance financial performance with social impact. Wisdom Woods Apartments serves as a model for how private finance, tax credit programs, and HUD support can combine to preserve critical housing assets across the United States.
Churchill Stateside Group’s successful financing of Wisdom Woods Apartments reinforces its position as a leader in affordable housing finance. With a track record of structuring complex transactions and delivering scalable solutions, CSG continues to support projects that strengthen communities, enhance resident well-being, and create long-term value for stakeholders.
Through initiatives like Wisdom Woods, the company demonstrates its commitment to preserving affordable housing, supporting residents, and promoting sustainable, community-focused development. By pairing innovative financing strategies with a mission-driven approach, CSG continues to shape the future of multifamily development, ensuring that projects nationwide achieve both financial success and lasting social impact.
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