The CMFA issues $23,786,064 in Bonds to Coachella Valley Housing Coalition for the March Veterans Village Apartments located in Riverside County, California
The March Veterans Village Apartment project is a new construction project that will consist of a 138-unit affordable multifamily rental housing facility designed for low-income veterans and their families. Two of the units will be for managers. This is the first phase in a multi-phase Project to construct over 400 units of veteran housing on the former March Air Force Base. Sitting on roughly 4 acres, the first Phase is located at the southwest corner of N Street and 6th Street, Unincorporated County of Riverside, California. Rents will be restricted to households with incomes no greater than 60% of the area median income. The financing of this project will result in the creation of 138 affordable apartments designed for veterans and their families for 55 years.