The CMFA Provides $16,660,000 in Low Cost Tax-Exempt Financing to Satellite Affordable Housing Associates
Jun 1, 2017
The proceeds of the Bonds will be used by SAHA for the construction of, The Valley View Senior Housing Apartments, a 70-unit affordable multi-family housing development consisting of both apartments and cottage-style units. The project will be affordable to low and very low-income seniors aged 55+. Residents will enjoy a beautifully landscaped community that incorporates the highest standards of green building and sustainable design as well as a robust selection of on-site services and activities to support wellness, independent living, and aging-in-place. The proposed development includes 58 one-bedroom, one-story cottages arranged into three clusters. The site plan also features a two-story building of stacked flats that includes 8 one-bedroom units and 4 two-bedroom units. This financing will create 69 units of affordable housing for the senior households in the City of American Canyon for another 55 years.