CMFA Completed the issuance of $5,176,097 in Bonds for Waverly Place Apartments
The Waverly Place Apartments is a new construction development of a 15-unit multifamily affordable housing project with one manager unit. The vision of the project is to create a permanent supportive housing development for the chronically homeless mentally ill individuals. The development will provide a community room with full kitchen, four offices, a lobby, a laundry room on each floor, around an interior courtyard. Sixteen parking spaces will also be provided as well as on-site bike racks. This financing will help create 15 units of high quality, affordable housing for low-income households in the City of Redwood City for the next 55 years.