The CMFA Completed the Issuance of $55,900,000 in Bonds for American Gold Star Manor Apartments

Abode Communities completed the issuance of $55,900,000 of tax-exempt bonds to finance the acquisition and rehabilitation of a 348-unit multifamily housing residential facility located at 3021 North Gold Star Drive in the City of Long Beach, California, and to be commonly known as American Gold Star Manor. A total of 337 senior households will continue to be able to enjoy high quality, independent, affordable housing in the City of Long Beach. Amenities provided will include a large community room, gym, computer lab, pool and hot tub. The project will provide services such as the use of a Van for trips to various stores and amenities nearby. The rehabilitation of this project will continue to provide affordable senior living in the City of Long Beach for 55 years.

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