Loan Amount: $2,530,000
Developer: Phoenix Holding Group, LLC and El Ada CAP, Inc.
The Celebration Acres Apartments is a proposed 28-unit multifamily development providing 28 affordable housing units (100% of total) restricted to tenants with household incomes not exceeding 50% of the area median income, featuring two, three, and four-bedroom units in five buildings. It targets low-income families, offering supportive services through community partnerships.
Units: 28