CMFA Completed the issuance of $14,700,000 in Bonds for the Woodland Hills Assisted Living
Welbrook Woodland Hills (“Project”) is the new construction of a purpose-built Class “A” high-acuity assisted living and memory care facility located in the neighborhood of Woodland Hills, City of Los Angeles, California. The Project will feature a state-of-the-art one-story 33,500 square foot building with a total of 50 units and 60 beds situated on approximately 1.5 acres of land. The Project is fully approved by the City and will be licensed at completion under the California Department of Social Services as a high acuity assisted living and memory care facility for health and age qualified senior residents. Services offered at the facility will include; medication supervision, bathing assistance, dressing and personal grooming assistance, escort to meals and activities, ambulation assistance, incontinence management, three daily chef prepared meals, small group activities, salon, housekeeping and 24-hour security. This financing will create 10 new affordable and 40 market rate senior living units in the City of Los Angeles for 30 years.