Loan Amount: $2,160,000
Developer: Housing Solutions, LLC
The Skyview Apartments is a proposed 36-unit multifamily development providing 36 affordable housing units (100% of total) restricted to tenants with household incomes not exceeding 60% of the area median income, featuring a mix of one and two-bedroom units in one three-story residential building for seniors 55+. It targets senior households, offering affordable rentals with supportive services through partnerships with local organizations to promote aging in place and community engagement. The property is unique for its new construction in a moderate-income area, focusing on senior-specific needs with reduced maintenance requirements and integration into a growing market with high demand for affordable senior housing. Amenities include a community room, computer stations, lobby/lounge, exercise/craft room, Energy Star appliances, and 3 fully ADA-accessible units.