Autumn Ridge Apartments
Neighborhood Lending Partners, Inc. is proud to partner with Landmark Developments & Real Estate, Palm Beach County and TD Bank to share the ground breaking of Autumn Ridge Apartments!
Autumn Ridge Apartments is a 106 unit LIHTC senior affordable housing development located in Palm Beach, Florida.
96 units are set aside for affordability. 16 units are set aside for individuals with incomes of 30% of AMI, 68 units are set aside for individuals with incomes of 60% of AMI, 12 units are set aside for individuals with incomes of 80% of AMI, 4 units are set aside for individuals with incomes of 120% of AMI and 5 units are set aside for individuals with incomes of 140% of AMI.
Unit amenities include dishwasher, disposal, washer/dryer hook- up, microwave, ceiling fans, and patios/balcony.
Common amenities include a business center, fitness room, community room, dog park, laundry facility, grills, picnic area, bike storage, and a sport court.
Additional training and support includes Adult literacy, computer training and assistance with light housekeeping, grocery shopping and/or laundry, as well as 24-hour support to assist residents in handling urgent issues.
NLP is providing the $7,515,000 first mortgage permanent period loan and a $270,000 commitment of Capital Magnet Funds.
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