ATLANTA, July 18, 2024 (GLOBE NEWSWIRE) -- Monarch Private Capital (Monarch), a nationally recognized impact investment firm that develops, finances, and manages a diversified portfolio of projects generating both federal and state tax credits, announces the financial closing of its first Indiana Low-Income Housing Tax Credit (LIHTC), Kilgore Place, a multifamily development in Muncie, Indiana. This project was among the first projects to be awarded the newly established State LIHTC by the Indiana Housing and Community Development Authority (IHCDA). This significant affordable housing investment addresses a critical need in the local community. TWG Development and the City of Muncie worked closely together with the community to identify and address the need for more housing availability, affordability and stability. Located at 2380 W. Kilgore Ave., Kilgore Place will consist of 120 units with one-, two- and three-bedroom options, revitalizing the site of the former End Zone Bar & Grill, which was destroyed in a ...