Class of Project: Straight Acquisition

Resident Profile: Family Designation

Use Restrictions: Section 42 - 100% @ 60%

Financing: HUD 223(f) Loan

Limited Partner(s): Private Individual(s)

This community for families includes 48 one-, two- and three-bedroom apartments serving households earning less than 60% of the area median income (AMI). The development plan was to improve and maintain the asset’s physical, operational and resident service components for 8 years, with a targeted refinance or re-syndication in year 9-10. Please contact RMDG to learn more about the acquisition of Waterford Apartments.