Loan Amount: $2,375,000
Developer: Bethel Development, Inc.
The Vistara Apartments is a proposed 80-unit multifamily development providing 80 affordable housing units (100% of total) restricted to tenants with household incomes not exceeding 60% of the area median income, featuring a mix of two and three-bedroom units in four two-story and four three-story garden-style buildings. It targets low-income families, offering stability through affordable rentals in a suburban setting. The property is unique for its family-oriented design, emphasizing community integration.
Units: 80