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Exhibit B – Description of Project <br /> <br />Hillside Heights Apartments will meet part of the remaining demand for affordable and subsidized rental <br />housing and affordable independent living senior rental housing according to Elk River’s 2018 Housing <br />Study. CHDC proposes to develop a three-story new construction affordable apartment building on the <br />South East corner of Twin Lakes Road NW and 175th Ave NW. The apartment building will consist of <br />approximately 55 units with 12 one-bedroom units, 15 two-bedroom units, 18 three-bedroom units and <br />approximately 60 parking spaces. Common amenities will likely include storage, a roof deck, fitness / <br />physical therapy room, library, community room, patio area, ball court, playground and community <br />garden. <br />