Loan Amount: $7,875,000
Developer: Mountainlands Community Housing Association
Central Village Apartments is a 40-unit multifamily affordable housing development, with all units restricted to households earning up to 65% of the area median income (AMI) with rents at 60% AMI, serving low-income workforce in a high-cost upper-income area. The project stands out as part of the Silver Creek Village master planned community, addressing acute housing shortages for commuters. Amenities include one, two, and three-bedroom garden-style units with supportive services to help residents achieve goals in a community with commercial and residential integration.