Property
- Occupancy
- Family
- Construction
- Non-combustible, mid-rise
- Year built
- 2018
- Flood zone
- AE
- CAT
- Flood · named storm · wind / hail
- Named insured
- Riverbend Family LLC
- Manager
- Harborstone Management Co.
DevelopmentsConverted
RB · AMP-05
Riverbend Family
55 Riverbend Way, Meridian, MS 39301
4% LIHTC mixed-finance · 2018
Units
152
Occupied
149 / 152
TIV
$31.8M
Properties
2
Insurance program
- Program
- Riverbend Family Project Program
- Type
- Converted 4% LIHTC
- Carrier
- Admitted habitational · single carrier
- Term
- 2026-01-01 → 2027-01-01
- AOP deductible
- $25,000 AOP
- Named storm
- 3% of TIV
- Flood
- NFIP max + $10M excess private
- GL / umbrella
- $1M / $2M · $25M
Buildings and parcels
2 properties on this AMP — COPE on each line.
| Property | Construction | Occupancy | Protection | Exposure | TIV |
|---|---|---|---|---|---|
River House 55 Riverbend Way Elevator. NFIP + $10M excess flood. | Non-combustible (ISO 3) 82,000 sf · 2018 · 5 sty TPO · Roof replaced 2018 | Family Mid-rise family — elevator · 88 units | Wet pipe (NFPA 13) Smoke Yes · Central Yes PPC 4 | Zone AE Sowashee Creek / river corridor | $19.2M Bldg $16.9M Contents $1.2M LoR $1.2M |
Bend Annex 65 Riverbend Way | Non-combustible (ISO 3) 58,000 sf · 2018 · 4 sty TPO · Roof replaced 2018 | Family Mid-rise family annex · 64 units | Wet pipe (NFPA 13R) Smoke Yes · Central Yes PPC 4 | Zone AE Sowashee Creek / river corridor | $12.6M Bldg $11.1M Contents $756K LoR $756K |
Coverage on this program
Property — buildings
Riverbend Family
$31.8M
$25K AOP · 3% named storm
$248,000 · $.78 / $100 TIV
Flood — NFIP + excess
The only structured excess-flood placement in the portfolio.
NFIP max + $10M excess
NFIP / $50K excess
$38,000 · $.12 / $100 TIV
GL + umbrella
Investor additional insured, primary and noncontributory, endorsed.
$1M / $2M · $25M umbrella
$0
$38,000 · $250 / unit
Desk observation
Mixed-finance 4% LIHTC on the river corridor. NFIP plus excess flood is in force. Investor LP/SP clauses are already endorsed.
Off the authority master. Auto, workers compensation, public officials, crime and cyber stay with CBHA — this project program does not replace them.
- Public housing
- RAD pipeline
- In conversion
- Converted
- Support