The CMFA Issues $107,000,000 in Tax-Exempt Bonds for the Garden Brook Senior Apartments Project
The Garden Brook Senior Village Apartments is a new construction project located in Garden Grove on a 3.1-acre site. The project consists of 394 income restricted rental units and 3 unrestricted managers’ units. The project will have 123 studio units, 231 one-bedroom units and 46 two-bedroom units. The building will be eight (8) stories supported by perimeter foundations with concrete slab flooring on top of a podium parking. The building will be a one elevator serviced residential building. Common amenities include community gathering areas, community rooms and laundry facilities. Each unit will have a refrigerator, exhaust fans, range/oven, dishwasher and garbage disposal. The construction is expected to begin June 2018 and be completed in December 2020. The developments located in the City of Garden Grove and will proved the city 394 much needed units of affordable housing for the next 55 years.