Community Housing Works Secures Tax-Exempt Debt Through the CMFA
The CMFA issued $7,708,310 in tax-exempt bonds to finance the acquisition and rehabilitation of the Cedar Nettleton Apartments. The Cedar Nettleton Apartments is a 68-unit complex located in Vista, CA. The project was previously two separately syndicated 9% tax credit projects adjacent to each other. They will now be operated as one. The Cedar site was built in 1996 and the Nettleton site was built in 1999. The 2-story development is comprised mainly of townhomes and offers a variety of amenities including a 2,000 square foot community building with a leasing office, two tot lots, laundry facilities, resident organic garden and a central courtyard.