Loan Amount: $6,830,344
Developer: Rural Housing, Inc.
The Hillcrest Villas Apartments is a proposed 84-unit multifamily development providing 84 affordable housing units (100% of total) restricted to tenants with household incomes not exceeding 60% of the area median income, featuring a mix of two and three-bedroom units in three buildings. It targets low-income families, offering stability through affordable rentals in a community setting. The property is unique for its family-oriented design in a suburban area, emphasizing community integration.
Units: 84