Rio Viejo is a 100-unit affordable family property located in Tucson, Arizona.
$9,000,000 fixed rate tax-exempt bond financing providing new construction and permanent loan capital.
Red Stone purchased $9,000,000 of tax-exempt bonds used to construct Rio Viejo. The property is located approximately 6 miles south of downtown Tucson. Red Stone’s bond financing was used in conjunction with Solar Credits, awarded to properties that take measures to conserve energy in operations.