Arizona

La Mesita Apartments | Mesa, AZ

Loan Amount: $1,200,000

Developer: A New Leaf, Inc.

La Mesita is a new construction multifamily development with 80 units in three 4-story buildings, all restricted under Section 42 LIHTC between 30%-60% AMI with an average of 40.23% AMI, targeting low-income families, with 30 units subsidized under HUD HAP contract. Amenities include a resident clubhouse with exercise room, theater and game room, splash pad, picnic/barbecue areas, and ramadas. Unique features include proximity to Metro Light Rail, LEED Gold standards, and community services like childcare and education programs.

Units: 80