Loan Amount: $1,180,000
Developer: GLC Development, LLC
Landmark Apartment Village is a 52-unit multifamily property in 13 two-story buildings, all restricted to 40% of Area Median Income (AMI), supported by a project-based Housing Assistance Payment (HAP) contract for subsidized rents. The project serves very low-income households, addressing critical needs in a rural community with long-term affordability. This established development, originally built in 1980, focuses on providing stable housing through nonprofit management and supportive services.