Nevada

Mahogany Court Apartments | Minden, NV

Loan Amount: $862,000

Developer: Rural Nevada Development Corporation

The Mahogany Court Apartments is a 21-unit multifamily development providing 21 affordable housing units (100% of total) restricted to tenants with household incomes not exceeding 45% of the area median income, featuring eight two-bedroom and thirteen three-bedroom units. It targets low-income families, offering stability through affordable rentals in a suburban area. The property is unique for utilizing Tax Credit Exchange Program funds in lieu of traditional tax credits, with a focus on family-oriented housing. Amenities are standard for family housing, with the project emphasizing community integration in Douglas County.

Units: 21