USA Properties Selects the CMFA as Issuer of a $12,500,000 Bond Financing

The CMFA issued $12,500,000 in tax-exempt bonds for the construction of a new affordable housing project.

The Newark Station Seniors Apartments is a new construction of a 75-unit affordable senior housing development. The project will consist of a single 4-story building with surface parking. The grounds will include a clubhouse, computer center and laundry facility. The project accommodates senior families with unit sizes of one- and two-bedrooms located at 37433 Willow Street, Newark, CA. The project will include energy efficiency, common area amenities and resident services. This financing will create 75 units of affordable senior housing for the City of Newark for 55 years.

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