Loan Amount: $1,015,000
Developer: Valley Behavioral Health and Danville Development Corporation
The Oquirrh Apartments is a 24-unit multifamily development providing 24 affordable housing units (100% of total) restricted to tenants with household incomes not exceeding 80% of the area median income, featuring one-bedroom units in two buildings for seniors and disabled. It targets senior and disabled households, with all units subsidized through HUD Section 202 program. The property is unique as a split-site with long-term HAP contract renewal, focusing on very low-income residents.