Property
- Occupancy
- Family
- Construction
- Wood frame / brick veneer
- Year built
- 2009
- Flood zone
- X
- CAT
- Wind / hail
- Named insured
- Cottonwood Housing LP
- Manager
- Northbank Management LLC
DevelopmentsYear 15
CW
Cottonwood Apartments
740 Cottonwood Road, Chapel Hill, NC 27514
9% placed 2009 · Year 15 recapitalization queued
Units
60
Occupied
57 / 60
TIV
$9.8M
Properties
1
Insurance program
- Program
- Cottonwood Housing LP project
- Type
- Project — Year 15
- Carrier
- Admitted package
- Term
- 2025-11-03 → 2026-11-03
- AOP deductible
- $25K AOP
- Named storm
- 2%
- Flood
- Zone X — none
- GL / umbrella
- $1M / $2M · $5M
Buildings and parcels
1 property on this development — COPE on each line.
| Property | Construction | Occupancy | Protection | Exposure | TIV |
|---|---|---|---|---|---|
Cottonwood Apartments 740 Cottonwood Road Roof and sprinkler will be Year 15 issues. | Frame (ISO 1) 48,000 sf · 2009 · 2 sty 3-tab shingle · Roof replaced 2016 | Family Year 15 family · 60 units | None Smoke Yes · Central No PPC 4 | Zone X Residential / wooded | $9.8M Bldg $8.6M Contents $600K LoR $600K |
Coverage on this program
Property — Cottonwood Housing LP
Year 15 values lag replacement cost.
$9.8M TIV
$25K AOP · 2% named storm
$32,000 · $.33 / $100 TIV
Conversion observation
Year 15. Existing affordable coming onto a new program when the 4% resyndication files. Not a RAD conversion.
Placed. The LP is the named insured. Coverage that belongs to this partnership stays on this project program.
- In conversion
- Placed LIHTC / operating
- Year 15