Congratulations to Community Development Inc (CDI) for the completion of the Sierra Ridge Apartments! A ribbon cutting ceremony was held on Wednesday, September 14, 2011 to mark this well-needed senior housing project located in Carson City, NV.
Sierra Ridge Apartments consists of 42 units – one and two bedrooms. The units are age restricted to 55 years or older earning 35% to 55% of the area median income for Carson City County.
UCRC has committed $1,200,000 term financing to Sierra Ridge Limited Partnership and anticipates a loan closing in March 2012.