Loan Amount: $1,700,000
Developer: Monarch Properties, Inc
The West Berry Senior Apartments is a proposed 56-unit multifamily development providing 56 affordable housing units (100% of total) restricted to tenants with household incomes not exceeding 60% of the area median income, featuring one and two-bedroom units in two-story buildings for seniors 55+. It targets senior households, offering on-site service coordinator for health, nutrition, and technology training.