Rivermere Apartments

Rivermere Apartments provides upscale residences consisting of 120 two-bedroom and 72 three-bedroom apartments.
Rivermere

Neighborhood Overview

The purpose of this development is to provide a mixed-income community with a quality amenity package. Rivermere is The Housing Partnership’s first mixed-income multi-family project and first bond deal. The site is at the Mt. Island Lake area and is the last piece of property grandfathered in for multi-family housing at the lake.

 

The exterior shells of the buildings are brick and vinyl siding, each building boasting a different vibrant color. The community has an irrigation system, flower beds and decorative street lighting. Site amenities include a pool, clubhouse, community room, playground, resident clothes care center, business center, and fitness center. On-site management staff is present six days a week to assist future and current residents.

 

Interiors feature open floor plans (886 square feet for 2 bedrooms; 1,101 square feet for 3 bedrooms). Additional features include dishwashers, garbage disposals, generous counter space, laundry rooms, two baths, ceiling fans, energy efficient AC/heating, security systems, private decks/porches, outside storage rooms and walk-in closets.

The Numbers

Financing

$17 million project

Development Partners

  • The Housing Partnership
  • Apollo Housing Capital LLC, Tax Credit Investor
  • Bank of America
  • City of Charlotte Housing Trust Fund<
  • Highland Mortgage Company
  • Morgan Keegan and Company, Inc.
  • North Carolina Housing Finance Agency
  • U.S. Department of Housing and Urban Development (HUD)
  • Wachovia Bank

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