Loan Amount: $1,042,000
Developer: Foundation for Senior Living
The Marist at Cathedral Square is an 83-unit, two-building senior LIHTC property in Tucson, Arizona, with all units rent-restricted at 40–60% AMI (weighted average AMI 49.3%). The property features one- and two-bedroom units, ADA accessibility, a food pantry, gym, patio deck, community room, and supportive services. The project is located in the downtown core, near public transportation and amenities, and includes the historic restoration of the Marist Catholic College building.