96 units, built in 1994 and renovated in 2014
AHFA funding sources: Housing Credits: $345,600 (1994) and $464,100 (2014)
Vista Terrace Apartments serves the Northern Boulevard/Bypass area of Montgomery. The development and its location are ideal for retirees relocating to the area. For example, three of the residents are sisters who moved back to Montgomery from New York and New Jersey to be close to family.
Vista Terrace Apartments was constructed in 1994 with Housing Credits. It was renovated with rehabilitation credits in 2014. Wylene Craft of developer Guilford Companies said, "The revitalization of Vista Terrace is extremely important to everyone. The residents received a 'new' home and that translates into community pride. And, our investors received a new stream of tax credits at typically lower debt than new construction properties."
Vista Terrace provides many services to residents including:
All of the apartment homes are electric. Residents pay for their electricity, but water, sewer, and pest control are included in their rent.
Development amenities include: