Related Companies and the CMFA Work Together to Provide Low Income Housing in Palo Alto

The CMFA recently provided tax-exempt financing for Related Companies. Proceeds from the financing will be used to construct Stanford Affordable Apartments, which will provide new affordable housing to 70 families in the City of Palo Alto for the next 55 years. In addition to the community building, the site will have a playground, picnic areas and open areas for it’s residents to enjoy.

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