The Pacific Companies Create Affordable Housing by Using 120,000,000 in Tax-Exempt Financing Issued by the CMFA

The CMFA issued $120,000,000 in tax-exempt financing for the Metro East Senior Apartments.

The Metro East Senior Apartments is a new construction project located in Santa Ana on a 3.17-acre site. The project will consist of 415 restricted rental units and 3 unrestricted manager units. The project will offer 96 studio units, 257 one-bedroom units and 65 two-bedroom units. The building will be a single five-story structure of wood frame design supported by a parking structure podium and concrete slab. Common amenities will include multiple courtyards, a roof deck, clubhouse, fitness gym, computer room, laundry facilities, elevators and security features. Each unit will provide a refrigerator, range/oven, dishwasher, garbage disposal, exhaust fans and covered patio or balcony. All units will be water and energy efficient and provide healthy indoor air quality. Construction is expected to begin June 2018 and to be completed December 2020. This development will provide the City of Santa Ana with 415 much needed units of affordable housing for the next 55 years.

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