Loan Amount: $280,000
Developer: Community Housing Services, Inc
Glenbrook Apartments is a 24-unit multifamily affordable housing development, with all units restricted to households earning up to 80% of the area median income (AMI), supporting low-income residents in Sevier County. The project features two-story buildings with project-based vouchers, ensuring tenants pay only 30% of income for rent. Unique aspects include a long-term Housing Assistance Payment contract and on-site supportive services through the developer, focusing on resident goals, community activities, and long-term viability.