The CMFA Issues $13,000,000 in Tax-Exempt Bonds for the EE Cleveland Manor Project

The EE Cleveland Manor Apartments project is an acquisition/rehabilitation of a 54-unit affordable multi-family housing development for the elderly. The project is made up of 13 studio apartments, 40 one-bedroom and one 2-bedroom manager’s unit. EE Cleveland Manor is located at 2611 EC Reems Court, Oakland, California. The rehabilitation will include upgrading air conditioning and heating units, mechanical and electrical. Interior upgrades will include new kitchen and bathroom equipment, new cabinets, new kitchen surfaces, new flooring, paint and new window treatments. Exterior upgrades will include replacement of certain patio covers, widening of common area pathways, common area lighting, improvements to community areas, parking area improvements and paint. This financing will preserve 53 units of affordable housing for the City of Oakland for another 55 years.

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