Arizona

Casa Bonita Apartments | Nogales, AZ

Loan Amount: $1,200,000

Developer: Desert Ridge Investments, Inc

Casa Bonita Apartments is a 64-unit LIHTC property in Nogales, Arizona, with 18 two-bedroom, 36 three-bedroom, and 10 four-bedroom units, all rent-restricted at 30% or 60% AMI. The property features a playground, clubhouse, and laundry facility. The site is hilly, with ADA exemptions for accessibility, and is undergoing capital improvements, including roof replacement and other repairs, to maintain high occupancy and affordability in a rural market.

Units: 64