Vistara Apartments | Multi-Family Affordable Housing Development
Clearinghouse CDFI provided $2,379,430 in financing to Vistara Partners, LLC, through a loan purchase from RMCRC. The 80-unit Vistara Apartments in Yuma, Arizona, is a Low-Income Housing Tax Credit project designed to serve low- and moderate-income households. With every apartment reserved for households earning up to 60% of area median income, the project will expand access to quality, affordable homes for families who are increasingly being priced out of the local housing market.
The community will feature two- and three-bedroom apartment homes across eight residential buildings, with six designated ADA-accessible units to improve accessibility for residents with disabilities. Developed as a qualified low-income housing project, the property is intended to provide stable, high-quality housing that will remain affordable over time.
Affordable housing is in high demand across the Yuma market, where vacancy rates remain consistently low, with the number of income-qualified households far exceeding available supply. By creating more affordable housing opportunities, this development will support local individuals and families while contributing to the region’s long-term economic and social vitality.
#26AZ-7999
Provides financing that sustains 80 affordable apartment homes for families earning up to 60% of AMI, increasing access to stable housing in a market where demand significantly exceeds supply.
To support the development of quality, income-restricted housing units, expanding access to safe, affordable homes for low- and moderate-income families while helping meet the growing demand for affordable housing in Yuma.
