The CMFA’s Financing Will Bring Affordable Housing to La Quinta, CA

The CMFA recently issued tax exempt bonds to finance the construction of Coral Mountain Apartments, in La Quinta, CA.  The new construction when completed will consist of 176 units in 11 buildings plus a clubhouse and pool area. Each unit includes a private patio and storage area. The development is designed for families and includes an after school program.  The ground have shaded play areas with a multi-level play structure, water fountain spray pad, basketball court, multiple BBQ areas, swimming pools, pedestrian pathways and commons areas.

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