Loan Amount: $400,000
Developer: Tierra del Sol Housing Corporation
The Valle Verde Apartments is a 36-unit affordable multifamily housing project, with all units restricted to tenants at or below 50% of AMI, originally built as a USDA RD farm labor project to serve families with children. The property focuses on low-income farmworker households through acquisition and rehabilitation. Amenities include a remodeled and expanded clubhouse, walking/bike trail, bike rack, horseshoe pit, community garden, and outdoor seating with covered patio and picnic/BBQ area. Unique features include its HUD Project Based Section 8 subsidy on 35 units, ensuring long-term affordability.