CMFA Completes Financing for El Centro Apartments, California

The CMFA recently approved a $9.6MM transaction for Chelsea Investment Corporation.  Bond proceeds will be used to construct a new 71-unit multi-family housing facility located in the City of El Centro, California.  The high quality project will consist of one, two and three bedroom units.  The project includes site amenities like gated access, covered parking, recreational areas, community room, barbecues, children’s play area, and after-school programs.