Archive for September, 2012

The CMFA’s Financing Will Bring Affordable Housing to La Quinta, CA

Sep 17, 2012

The CMFA recently issued tax exempt bonds to finance the construction of Coral Mountain Apartments, in La Quinta, CA.  The new construction when completed will consist of 176 units in 11 buildings plus a clubhouse and pool area. Each unit includes a private patio and storage area. The development is designed for families and includes an after school program.  The ground have shaded play areas with a multi-level play structure, water fountain spray pad, basketball court, multiple BBQ areas, swimming pools, pedestrian pathways and commons areas.

Rural Communities Housing Developer Selects the CMFA for their Walnut Village Project

Sep 17, 2012

Recently, Rural Communities Housing Development Corporation selected the CMFA as Issuer for their Walnut Village Apartments.  The Ukiah based project consists of 48 units and serves low-income residents in the area.  The financing ensures that Walnut Village Apartments will continue to provide 48 affordable apartments for low-income and very low income households.

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