USA Properties and the CMFA Partner on Affordable Housing Development in Placer County
USA Properties Fund, Inc. is a privately owned real estate development organization specializing in the creation of outstanding senior and family communities. Founded in 1981, USA Properties has been involved in the development, construction and acquisition/ rehabilitation of over 11,000 units of family and senior apartments in over 82 communities throughout California and Nevada.
Recently, the Roseville, CA developer partnered with the CMFA on their Terracina Oaks project. Proceeds from the tax-exempt bond financing will finance the acquisition and rehabilitation of the 56 unit affordable family rental community. Planned improvements on the six two-story complex includes refurbishing each unit’s kitchens, installation of Energy Star qualified appliances, energy efficient ceiling fans and lighting, as well as repairs and efficiency upgrades to in-unit plumbing fixtures, HVAC systems and water heaters. Improvement to the building exterior includes roof maintenance, siding repair and fresh paint.