Loan Amount: $2,015,000
Developer: EV Partners, LLC
The Brigham Place Apartments is a multifamily development with 112 LIHTC restricted units, all affordable to households earning below 50% AMI. The project serves families with limited incomes, providing affordable housing options in a community with demonstrated need. As the second phase of a successful development, it emphasizes quality construction and community integration without specified unique amenities in the initial documentation.
Loan Amount: Phase I = $800,000; Phase II = $1,215,000