Barker Management Incorporated Works with the CMFA on Acquisition Rehabilitation of an Affordable Apartment Project in Los Angeles, CA
This bond financing will enable Barker Management Inc. to acquire and rehabilitate an existing 100-unit affordable multi-family housing development. The unit mix includes two, one-bedroom, 75 two-bedroom and 23 three-bedroom units. 58% of the units will be restricted to low income households making 50% or less of the Area Median Income and 42% will be restricted to very low-income households making 60% or less of Area Median Income. The project is a scattered site project located in the city of Los Angeles, California. Amenities include laundry rooms, off-street parking, security patrol, and patios for some units. This financing will continue to provide 100 units of affordable housing for the City of Los Angeles for the next 55 years. The Watts Athens Village Apartments