Loan Amount: $620,000
Developer: c/o New Beginnings Housing, LLC
The Parkway Vista Apartments is a 30-unit affordable multi-family housing project completed in 2014, with all units income-restricted to seniors aged 55 and older earning no more than 45% of the area median income, resulting in a low weighted average AMI of 39.7% to serve very low-income individuals. The property focuses on providing stable, supportive housing for low-income seniors, with affiliations to organizations like AutumnGold Senior Services that offer direct oversight of supportive services for residents. Each unit features modern interiors including energy-efficient Energy Star appliances, ceiling fans, blinds, patios or decks, and assigned storage, while three units are fully ADA accessible. Significant community amenities include a library with computer lab, exercise room, television room, game room, laundry room, walking and seating areas, horseshoe pits, bocce ball pit, community gardens, and picnic areas.