New Mexico

Ochenta Apartments | Taos, NM

Loan Amount: $1,358,626

Developer: Tierra Realty Trust

The Ochenta Apartments is a 72-unit affordable multifamily housing project, with all units restricted to tenants at or below 60% of AMI and a weighted average AMI of 49.72%, consisting of 10 buildings with one- to three-bedroom units. The property targets low-income households in a suburban area. Amenities include 126 parking spaces and community spaces. Unique features include its new construction with energy-efficient designs, and partnership with a nonprofit for community development.

Units: 72