Victory Vista Ground Breaking
RiverHills Bank proudly supports another Affordable Housing Project. Through partnership with Kingsley & Company, RiverHills Bank was able to provide a $8,640,000 Construction Loan and a $2,962,855 Perm Loan.
Gail Burnam, EVP/COO was honored to represent RiverHills Bank at the Groundbreaking of the 50-unit Multi-Unit Senior Affordable Housing project called Victory Vistas located in Cincinnati, Hamilton County, OH.
Victory Vistas is an affordable housing development located in the Paddock Hills neighborhood. It will consist of a single four-story elevator building containing a mix of 50 one and two-bedroom apartments. Paddock Hills borders the City of Norwood and three of Cincinnati's major neighborhoods: North Avondale, Bond Hill, and Evanston. The project is centrally located along a bus line and within one mile to the Norwood Shopping Center, North Avondale Recreation Center, and Xavier University. The property will offer residents on-site management, secured access building entry, and in-unit laundry hook-ups. Common areas will include a community room, community kitchen, and fitness center. All units will be reserved for residents 55 years and older and between 30% and 60% of the area median income.