Loan Amount: $2,264,321
Developer: Adams Construction and Management Company, Inc.
Eagle View Townhomes is a 106-unit multifamily townhome property targeting low-income families, with 45 units restricted under LIHTC at 25% to 49% AMI, 47 units serving seniors aged 55 and older, three market-rate units, and one manager unit. Distinctive amenities include a community building with a full kitchen, meeting area, and computer room, along with a tot lot, raised vegetable gardens, BBQ area, picnic tables, benches, and covered patio for family-friendly outdoor activities. The project\\\\\\\'s rural setting in Richfield addresses affordable housing shortages with superior design and condition compared to existing rentals, incorporating special site preparations like soil engineering and removal of former structures for safe, modern living.
Loan Amount: Phase I = $1,116,000; Phase II = $1,148,321