The City of Oakland to Benefit from Tax-Exempt Financing with the CMFA

Providence Health & Services requested that the CMFA issue $7,440,000 in tax-exempt bonds for the construction of the Providence House Oakland Apartments. The Providence House Oakland Apartments is an existing 41-unit affordable multi-family housing development project located at 540 23rd Street, Oakland, CA  94612. The project’s 40 units of affordable housing serve individuals with a diagnosed mental or physical disability. There are additional preferences for housing individuals with HIV/AIDS and homeless households. All units are restricted to households making 50% & 60% of AMI or less. Rehabilitation will include energy efficiency upgrades, select interior and exterior repairs and replacements, front entry area will be reconfigured, additional security cameras and common areas will be reconfigured. This financing will preserve 40 units of affordable housing for the City of Oakland for 55 years.

« Return