Idaho

Mill River Senior Apartments | Coeur D\'Alene, ID

Loan Amount: $1,750,000

Developer: Mill River Associates, LLC

The Mill River Senior Apartments is a 50-unit affordable housing development for individuals aged 55 and older, with 39 units restricted to tenants earning 40% to 50% of AMI, averaging 46.50% AMI, and 11 market-rate units in a newly constructed multifamily building. The property targets low-income seniors to offer stable, accessible living options. Amenities include carports, a 2,350 square foot community building with a full kitchen, common laundry, community room, and exercise room. Unique aspects include required one-year leases for parking to generate additional revenue, and its location providing excellent access to employers and recreational amenities.

Units: 50