Loan Amount: $93,000
Developer: Wasatch Front Investment Associates, LLC
The Milford Haven Retirement Apartments is a low-income senior housing project with 8 units in two buildings, restricted for tenants aged 62 and older with up to 40% of units for those earning no more than 60% AMI, supported by a HUD project-based HAP contract. The project serves elderly residents in a small community, with recent renovations including new roofs, insulation, sidewalks, and interiors. Located on 0.69 acres with good access, it provides stable, subsidized housing without environmental risks from surrounding uses.