Chelsea Investment Corporations Partners with the CMFA to Secure Low-cost Financing for Senior Apartments in Calexico, California

The CMFA successfully closed a $4,454,000 tax-exempt financing for Chelsea Investment Corporation.  Proceeds will be used to construct a 54 senior-family apartment building in Calexico, California.  When complete the DeAnza II Apartments will provide homes to seniors with incomes that are 30-60% below the Area Median Income.

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