ApartmentsDevelopment Management Elite Destinations|
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Acquisition - Rehabilitation
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Target Market:
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Mixed Income Multi-Family Rental Apartments -- (80% Market Rate / 20% Program Units)
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Project Narrative:
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This Project is jointly owned by two non-profit organizations (Families Moving Forward - FMF and Opportunity Neighborhood Development Corporation - ONDC). The concept is to integrate a permanent housing solution for homeless families (20% of the units) with market rate rental units to create an environment which promotes a more rapid integration back into a normal living routine for the homeless families while mixing seamlessly with the general occupancy population.
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Services Provided:
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Site Acquisition
Project Administration Design / Construction Supervision Project Marketing Property Management |
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Project Data:
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Total Project Cost:
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$785,000
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Type of Unit:
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3-Story Walk-up Apartments
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Number of Units:
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23 (19-Market Rate / 4 Program Units)
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Number of Buildings:
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2
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Total Site Area:
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0.5 Acres
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Unit Information:
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Unit Type:
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1 Bedroom
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2 Bedroom
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Program.
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Number of Units:
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18
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1
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4
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Average Size:
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580 sq. ft.
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1,036 sq. ft.
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Mixed
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