NCHP PURCHASES APARTMENTS FROM THE RESOLUTION TRUST CORPORATION
NCHP is acquiring the properties in partnership with NationsBank Community Development Corporation, an affiliate of NationsBank Corp.
The Hamilton Securities Group advised NCHP in financial structuring of the transaction.
Davenport, executive vice president of NCHP, noted that "NCHP and NationsBank are demonstrating that economically sound investments can meet important social goals.
This partnership with NCHP is a natural next step for NationsBank CDC.
NCHP is a congressionally mandated organization which has been operating since 1971.