The Verano Terrace Apartments is a proposed 88-unit multifamily development providing 88 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 a four-story building reserved for seniors 55+. It targets senior households, offering stability through affordable rentals and supportive services in a community setting. The property is unique for its senior-specific design in a high-demand area, emphasizing reduced maintenance requirements and integration with local amenities.