Loan Amount: $2,236,109
Developer: Friends of Switchpoint, Inc.
Riverwalk Village Apartments is a 55-unit multifamily affordable housing development, with 42 units restricted to households earning up to 50% of the area median income (AMI), including set-asides for homeless, veterans, and mentally ill persons. The project features a three-story building with apartments and townhomes ranging from one to four bedrooms, supported by eight project-based vouchers. Unique aspects include city contributions like land donation and infrastructure, focusing on emergency shelter transitions and community resource access for vulnerable populations.