Loan Amount: $1,700,000
Developer: West Haven GP
The Residences at West Haven Apartments is a proposed 40-unit multifamily development providing 40 affordable housing units (100% of total) restricted to tenants with household incomes not exceeding 80% of the area median income, featuring one-bedroom apartments in a garden-style building for seniors. It targets senior households, with set-asides for disabled and chronically homeless individuals, and eight units supported through project-based Section 8 vouchers for additional assistance. The property is unique for its focus on senior living with supportive services and integration of tenant-based and project-based voucher programs for stable funding.
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