CMFA Completed the issuance of $16,400,000 in Bonds for Buckingham Apartments
MRK Partners, Inc. completed the issuance $16,400,000 of tax-exempt private activity bonds to finance an affordable housing project in the City of Los Angeles, Los Angeles County, California.
The Buckingham Apartments is an acquisition/ rehabilitation of an existing affordable housing multifamily tax credit project. The project is an 84 unit multifamily residential rental facility consisting of five buildings all within approximately 1/5 of a mile from each other. This financing will preserve a much needed 83 units of affordable housing for the City of Los Angeles for another 55 years.