Idaho

6th & Grove Apartments | Boise, ID

Loan Amount: $4,140,000

Developer: 6th and Grove Associates LLC

The 6th & Grove Apartments is a 60-unit mixed-use affordable rental project, with 45 units (75%) restricted to tenants at or below 60% of AMI, located on levels 3-7 of a building with studio to three-bedroom units. The property serves low-income households in an urban setting, incorporating supportive services for PSH tenants. Amenities include a clubhouse, computer lab, exercise facility, and meeting room. Unique aspects include its mixed-use design with 5,000 sq ft retail and 9,000 sq ft office space on lower floors (condominiumized separately), parking garage, and forward commitment financing to support construction amid COVID-19 challenges.

Units: 60