The CMFA Completed the issuance of $18,566,190 in Bonds for Many Mansions
This bond financing will enable Many Mansions to acquire and rehabilitate the Shadow Hills Apartments affordable multifamily rental housing facility. The project consists of 7 two-story buildings and 1 three-story building. Seventy-percent of the units will be restricted to low income households making 60% or less of the Area Median Income and thirty-percent will be restricted to very low income households making 50% or less of Area Median Income. The project is located at 227 E. Wilbur Road, Thousand Oaks, California. This financing will continue to provide 100 units of affordable housing for the City of Thousand Oaks for the next 55 years.