Loan Amount: $1,275,000
Developer: BlueLine Development Inc.
Freestone Apartments is a 36-unit multifamily development providing 36 affordable housing units (100% of total) restricted to tenants with household incomes not exceeding 45% of the area median income, featuring a mix of one, two, and three-bedroom units in a garden-style building. It targets low-income families, offering supportive services to promote stability in a rural neighborhood. The property is a new construction with emphasis on very low-income households with integrated community features.