CMFA Completes Financing for Sea Mist Towers Apartments, California
The CMFA recently approved a $10.25MM transaction for Volunteers of America. Bond proceeds will be used to rehabilitate a 75-unit multi-family senior housing facility located in the City of Long Beach, California. The high quality project consists of one and two bedroom units. This senior family community has a beautifully landscaped courtyard, an outdoor recreation area and community room. Resident services will have an on-site service coordinator who provides counseling and coordinates supportive services. The acquisition/ rehabilitation of this project will continue to provide housing for 74 senior families for another 55 years.