Loan Amount: $4,950,000
Developer: YES Housing, Inc.
The Mustang Villas Apartments is a proposed 60-unit multifamily development providing 60 affordable housing units (100% of total) restricted to tenants with household incomes not exceeding 60% of the area median income, featuring two and three-bedroom units in a three-story building. It targets low-income families, offering stability through affordable rentals. The property is unique with 24 units set aside for households with children.