Loan Amount: $1,412,000
Developer: Affordable Community Solutions, Inc.
The Springs at Logan River Phase IV is a LIHTC multifamily project consisting of 40 units in 20 duplexes structured as a PUD, with 34 units restricted to households at 44% to 55% AMI and 6 unrestricted market units. The development includes 36 three-bedroom and 4 four-bedroom units, all with attached two-car garages and access to a shared clubhouse. It serves family households with attractive exterior design featuring pitched roofs, stucco, and simulated stone, built to Energy Star standards in a subdivision format.