Loan Amount: $2,000,000
Developer: YES Housing, Inc.
The Nuevo Atrisco Apartments is an 80-unit affordable multifamily housing development, with 68 units (85%) restricted to tenants earning no more than 60% of AMI and a weighted average AMI of 52%, featuring new construction of a four-story condominiumized building with one- to three-bedroom units and 6 live/work spaces. The property focuses on low-income families in a suburban neighborhood. Amenities include 80 parking spaces and access to nearby community resources. Unique aspects include its mixed-use design with live/work spaces, potential for 20 Project Based Vouchers to enhance affordability.
Units: 80