Loan Amount: $1,200,000
Developer: Alliance Property Group
Grandfamilies Place of Phoenix Apartments offers 56 units in two 3-story buildings, all LIHTC restricted at 40%-60% AMI with an average of 47.89% AMI, targeting seniors (55+) raising grandchildren. Amenities include tenant counseling area, fitness room, community room with kitchen, outdoor pool, two playgrounds, and sports court. Unique features include elevator-serviced buildings, solar suppressant blinds, and focus on grandparents with dependents in a redeveloping neighborhood.