The CMFA Issues $11,459,808 in Low Cost, Tax-Exempt Financing for Sequoia Commons Apartments

Sequoia Commons Apartments is a new construction project located in Goshen on a 3.3-acre site. The project consists of 65 restricted rental units and 1 unrestricted manager unit distributed as 22 one-bedroom units, 22 two- bedroom units and 22 three-bedroom units. The project will be comprised of 11 two-story residential buildings that will contain six units each. Common amenities include a playground, barbecue/picnic area and a centrally-located community building equipped with laundry facility, kitchen, restrooms, computer lab and management office. Units will feature refrigerator, stove and dishwasher. There will be 76 parking spaces provided. Green features include solar photovoltaic power generation, Energy Star kitchen appliances, passive solar design, low water use fixtures and shade tree landscaping. Construction is expected to begin in December 2018 and be completed in December 2019. The financing of this project will result in the creation of affordable housing for 65 low-income households in the community of Goshen for the next 55 years

The CMFA Issues $11,459,808 in Low Cost, Tax-Exempt Financing for Sequoia Commons Apartments

Sequoia Commons Apartments is a new construction project located in Goshen on a 3.3-acre site. The project consists of 65 restricted rental units and 1 unrestricted manager unit distributed as 22 one-bedroom units, 22 two- bedroom units and 22 three-bedroom units. The project will be comprised of 11 two-story residential buildings that will contain six units each. Common amenities include a playground, barbecue/picnic area and a centrally-located community building equipped with laundry facility, kitchen, restrooms, computer lab and management office. Units will feature refrigerator, stove and dishwasher. There will be 76 parking spaces provided. Green features include solar photovoltaic power generation, Energy Star kitchen appliances, passive solar design, low water use fixtures and shade tree landscaping. Construction is expected to begin in December 2018 and be completed in December 2019. The financing of this project will result in the creation of affordable housing for 65 low-income households in the community of Goshen for the next 55 years

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