Loan Amount: $2,488,000
Developer: Adams Construction and Management Company, Inc.
The Red Cliff Manor Apartments is a 98-unit LIHTC and age-restricted project in a single two-story building with elevator, restricted between 33% and 59% AMI, serving seniors with a unit mix of 1 studio, 81 one-bedroom, and 16 two-bedroom units. The project includes a leasing office, swimming pool, and 131 parking stalls, offering functional layouts with security features like smoke alarms and fire sprinklers. Built in 1999 on 5 acres, it provides affordable housing for older adults with geo-thermal HVAC and standard appliances.