The CMFA issues $5,015,000 in Bonds to Affirmed Housing Group for the Ventaliso II Apartments located in San Marcos, California
The Ventaliso II Apartments project is an acquisition/rehabilitation project that consists of a 48-unit affordable multifamily residential property made up of three buildings. The development will offer one, two and three bedroom units. All but one of the units will be restricted to residents with household incomes ranging from 30% to no greater than 60% of the Area Median Income. One unit will be set aside to be used as a manager’s unit. The financing of this project will result in the creation of 47 affordable apartments in the City of San Marcos for the next 55 years.