CMFA issues $12,742,000 in Bonds to the Chelsea Investment Group for the Mill Creek Village Apartments located in Bakersfield, California
The Mill Creek Village Senior Apartments is a new construction project consisting of 63 affordable apartments located in the City of Bakersfield. The project will be a 63-unit affordable senior complex made up of a single building that sits on a large lot. The building consists of studio and single bedroom apartments. There will be 62 units available to households with incomes no greater than 60% of the area median income with one unit set aside as a manager’s unit. The financing of this project will result in providing affordable housing for 62 seniors in the City of Bakersfield for 55 years.