Crest on Imperial - Administrative GP / Owner

crest on imperial
 

Coming Soon!

Highlights

  • Total Development Cost:  X million
  • Total Renovated Units: 100
  • 67 2 BR / 1 BA Units for 50% AMI
  • 32 3 BR / 2 BA Units for 50%  AMI
  • 1 Employee Unit
  • Construction Cost Per Square Foot: $X
  • Per Unit Cost: $X
  • True Cash Per Unit: $X
  • Rehab Costs: $X
  • Land + Acquisition: X

Overview

Crest will consist of a newly constructed garden style development. Of the 100 units, 99 will be restricted at the 50 percent AMI level and one will be a non revenue manager unit.

Financial Model

Crest is a proposed affordable development that will target low to moderate-income households earning 50 percent (or below) of AMI. With the exception of the one manager unit, all of Crest’s rental units will be affordable units targeted to income-qualified households, with incomes ranging from $40,890 to $70,300.

Community

Partners

We were honored to work with these amazing partners on this project.